A reverter refers to the return of ownership of real property to the original owner (the grantor) or their heirs after certain conditions are met or interests granted to others have ended. This legal concept often arises when a property owner transfers a lesser interest in their property, such as a temporary lease or conditional grant. The term "reversion" is also used interchangeably with reverter.
Reverter is primarily used in property law, particularly in real estate transactions. It is relevant in situations involving conditional transfers of property, such as when a property is given for specific uses, like church purposes. Understanding reverter is crucial for anyone involved in property transactions, as it can affect ownership rights and responsibilities. Users can manage related legal forms through platforms like US Legal Forms, which provide templates drafted by qualified attorneys.
Here are a couple of examples of abatement:
Example 1: If A grants land to B "until B marries," the property will revert to A if B marries. This is a hypothetical example.
Example 2: If A transfers property to a church "so long as it is used for worship," the property will revert to A if the church ceases to use it for that purpose.
| State | Reverter Rules |
|---|---|
| California | Reverter rights are recognized, but specific conditions must be clearly stated in the deed. |
| Texas | Reverter is allowed, but the original grantor must retain a clear future interest. |
| New York | Reversionary interests are common, but must comply with statutory requirements. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition |
|---|---|
| Reverter | Return of property to the original owner after conditions are met. |
| Remainder | Future interest in property that becomes possessory after a particular event. |
| Life Estate | Ownership for the duration of a person's life, after which the property reverts to the original owner or their heirs. |
If you are involved in a property transfer that includes conditional terms, it's important to understand your rights regarding reverter. Consider the following steps:
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