What is a right in reversion?What is a right in remainder?
Question
What is a right in reversion?What is a right in remainder?
Solution
A right in reversion refers to the right of possession that returns to the original owner after the expiration of a certain right or interest, such as a lease. For example, if you lease your property to someone for a year, you have a right in reversion to take back possession of the property after that year is up.
On the other hand, a right in remainder is a future interest that is held by someone other than the grantor or lessor. It becomes possessory when a life estate (or other temporary estate) ends. For example, if a person A gives "for life" ownership of a property to person B, and then to person C after B's death, person C has a right in remainder. They will take possession of the property after person B's death.
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