0
The right of reverter exists where a title to property is such that there is a chance that the property may return ("revert') to its former owner. A right of reverter gives a person the opportunity to retake possession or ownership of property that is not being used in accordance with the requirements laid out upon the transfer of the title of the property. For example: In the case of a Fee Simple Determinable title to a property, the former owner may convey title to the property to the current owner on a condition. Such a condition could be that the land shall be used for non-comercial purposes. Should the current owner begin to use the land for commercial purpose his or her right to the land would cease and the title of the property reverts to the former owner. The right of reverter exists where a title to property is such that there is a chance that the property may return ("revert') to its former owner. A right of reverter gives a person the opportunity to retake possession or ownership of property that is not being used in accordance with the requirements laid out upon the transfer of the title of the property. For example: In the case of a Fee Simple Determinable title to a property, the former owner may convey title to the property to the current owner on a condition. Such a condition could be that the land shall be used for non-comercial purposes. Should the current owner begin to use the land for commercial purpose his or her right to the land would cease and the title of the property reverts to the former owner.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What has the author Primitiva Reverter written?
Primitiva Reverter has written: 'Lletraferida'
When did Reverter de La Guardia die?
Reverter de La Guardia died in 1142.
When did Juan Navarro-Reverter y Gomis die?
Juan Navarro-Reverter y Gomis died in 1924.
When was Juan Navarro-Reverter y Gomis born?
Juan Navarro-Reverter y Gomis was born in 1844.
What has the author Joan Bpta Beltran Reverter written?
Joan Bpta Beltran Reverter has written: 'Josep Matamoros Sancho'
Is a possibility of reverter a vested interest?
You have asked a very interesting question.The answer is yes. A reverter clause in a deed is only a possible future interest. The grantee becomes the owner of a fee simple estate. In fact, in order to be enforceable the restraint in the deed must be reasonable. Many reverter clauses are defeated by a court action.However, keep in mind that property that is subject to a reverter clause may be difficult to mortgage or sell.
What can be done in Florida when your grandmother had reverter rights for property and the land has been taken without letting her hiers know about it?
Need more details. Name first names, the reverter clause and explain who took the property.
What has the author Guillermo Reverter-Pezet written?
Guillermo Reverter-Pezet has written: 'La pintura facial en la cultura Nazca' -- subject(s): Antiquities, Body marking, Indians of South America, Nasca Indians
The act of transferring title is known as?
A. Conveyance B. Reverter C. Adultery D. Fixture ANSWER: A Conveyance
What has the author H A Arnn written?
H. A. Arnn has written: 'Possibilities of reverter and forfeiture' -- subject(s): Cases, Forfeiture, Future interests, Reversion
Can a property given in gift deed reclaimed by the grantor?
Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.Real property transferred by deed cannot be "reclaimed" unless there were conditions mentioned in the deed that would trigger a reverter if not met and those conditions were not met. If the property was simply transferred to a new owner with no restrictions the former owner no longer has any interest in the property not any control over it.
Do you know any words that rhyme with Alberta need them for a poem I'm writing?
asserter assertor Bessemer/torque/ converter convertor deserter diverter flirter frankfurter hurter inserter inverter invertor subverter perverter reverter squirter extract from my "elf-ahn-Et-ik" Rhyme Guide
