What is an example of reversionary interest?

In trust law terms, a reversionary interest is an interest that reverts back to the settlor of a trust once a beneficiary's interest has come to an end. For example, Bob gives a life interest in Rose Cottage to his mother Judy, and on Judy's death the cottage is to revert back to Bob.

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Reversionary Interest Lease Meaning Fortnite

Name: Reversionary Interest Lease Meaning Fortnite
Brand: US Legal Forms
Rating: 4.85 (500 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

Control #:

US-OG-522

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Description Reversionary Estate

This is a form of a Partial Assignment of Production Payment Interests, Reversionary Interests, Option Rights, Leasehold Interests, and Rights Under Management Agreement.

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What Is A Reversionary Interest Form Rating

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FAQ

A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum that he has (such as the owner of a fee simple granting a life estate or a leasehold estate).

A reversionary right is a registered condition embodied in a Deed of Transfer that on the happening of a particular event, or the non-happening thereof, ownership of the property concerned reverts to the enforcer.

A landowner who is concerned about the future use of his land can donate or sell the land on a conditional rather than absolute basis. A reversionary interest is created by a deed that reserves to the grantor a future ownership right upon the occurrence of some condition.

In trust law terms, a reversionary interest is an interest that reverts back to the settlor of a trust once a beneficiary's interest has come to an end. For example, Bob gives a life interest in Rose Cottage to his mother Judy, and on Judy's death the cottage is to revert back to Bob.

A reversion occurs when a property owner makes an effective transfer of property to another but retains some future right to the property. For example, if Sara transfers a piece of property to Shane for life, Shane has the use of the property for the rest of his life.

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Simone's landlord gives his aged uncle his reversionary interest for life.

Reversionary Interest Lease Meaning Fortnite

Description Reversionary Estate

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