Alice conveys a parcel of land to Bob for the duration of Bob's lifetime. Upon Bob's death, the property will automatically return to Alice. What type of future interest does Alice retain in this conveyance?
Alice retains a reversion in this conveyance because the property automatically returns to her after Bob's life estate ends. A reversion occurs when the grantor retains the future interest after granting a life estate or other defeasible fee.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is a reversion in property law?
Open an interactive chat with Bash
What is a life estate?
Open an interactive chat with Bash
What is the difference between a reversion and a vested remainder?