Possibility of reverter definition

Possibility of reverter means a provision contained in a reverter deed whereby the time-share estate
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Possibility of reverter means a provision contained in a reverter deed whereby the time-share estate automatically reverts or transfers back to the developer upon satisfaction of the requirements imposed by
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Possibility of reverter means a provision contained in a reverter deed by which the time-share
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Examples of Possibility of reverter in a sentence

  • Possibility of reverter not transferable b/c it wasn’t seen as property interest, but as possibility of becoming estate.

  • Possibility of reverter- a reversion is an entirely diff interest from a poss of rev, which arises after a determinable fee is transferred.

  • Real estate law provides several mechanisms to enforce a condition:♦ Possibility of reverter — If a condition specified in the bill (and therefore the deed) occurs, the title to the real estate automatically reverts to the state, without any action on the part of the state.♦ Right of re-entry — If a condition specified in the bill (and therefore the deed) occurs, the state has the right to retake the real estate.


More Definitions of Possibility of reverter

Possibility of reverter means a provision contained in a reverter deed by which the time-share estate automatically reverts or transfers back to the developer upon satisfaction of the requirements imposed by § 55.1-2222.
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Possibility of reverter means a provision contained in a reverter deed whereby by
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Related to Possibility of reverter

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