What is the difference between reversionary interest and remainder interest in a property?

The key difference between a reversion and a remainder is that a reversion is held by the grantor of the original conveyance, whereas "remainder" is used to refer to an interest that would be a reversion, but is instead transferred to someone other than the grantor.

What's the difference between reversionary interest and remainder interest in a property?

The key difference between a reversion and a remainder is that a reversion is held by the grantor of the original conveyance, whereas "remainder" is used to refer to an interest that would be a reversion, but is instead transferred to someone other than the grantor.

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Partial Assignment of Production Payment Interests...

Partial Payment Agreement

Name: Partial Assignment of Production Payment Interests, Reversionary Interests, Option Rights, Leasehold Interests, and Rights Under Management Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (500 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

Control #:

US-OG-522

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Instant download

Description Reversionary Interest

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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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).The testator may retain the reversion in the estate or give it to another individual.

Reversionary Interest is an amount of money that is calculated, which reflects what a Freeholder should receive now, rather than having to wait until a lease expires to have the property (and ALL its value) returned to his ownership.

1a : the part of a simple estate remaining in the control of its owner after the owner has granted therefrom a lesser particular estate. b : a future interest in property left in the control of a grantor or the grantor's successor.

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.

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 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.

A 'reversion' is a future interest that an individual has in a piece of property even after he or she has conveyed that property, in a lesser estate, to another individual.When the estate reverts back to the owner, they may enjoy possession once again if they so desire.

The key difference between a reversion and a remainder is that a reversion is held by the grantor of the original conveyance, whereas "remainder" is used to refer to an interest that would be a reversion, but is instead transferred to someone other than the grantor.

Partial Payment Agreement

Description Reversionary Interest

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How to fill out Partial Assignment Of Production Payment Interests, Reversionary Interests, Option Rights, Leasehold Interests, And Rights Under Management Agreement?

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How is a reversion related to a life estate?

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What is a reversionary interest?

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What is the difference between reversionary interest and remainder interest in a property?

What's the difference between reversionary interest and remainder interest in a property?

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