The remnant of an estate that the grantor holdsafter he's granted a life estate to another person, ifthe estate will return to the grantor, is called:

A) reversionary interest

B) reversionary right

C) reversion

D) remainder estate

Question

Mathematics

Greta Bell

8 July, 11:25

The remnant of an estate that the grantor holdsafter he's granted a life estate to another person, ifthe estate will return to the grantor, is called:

A) reversionary interest

B) reversionary right

C) reversion

D) remainder estate

+5

Answers (1)

Know the Answer?

Teresa Stewart · Answer 1

The remnant of an estate that the grantor holds after he's granted a life estate to another person if the estate will return to the grantor, is called D) Reversion

Step-by-step explanation:

The correct answer is D) Reversion because, according to the Real Estate definitions, reversionary interest refers to future interest that reverts to a grantor, reversionary right refers to the return of the rights of the possession and quiet enjoyment to the lessor at the expiration of a lease and remainder estate refers to the remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate.

The remnant of an estate that the grantor holdsafter he's granted a life estate to another person, ifthe estate will return to the grantor, is called:A) reversionary interestB) reversionary rightC) reversionD) remainder estate

The remnant of an estate that the grantor holdsafter he's granted a life estate to another person, ifthe estate will return to the grantor, is called:

A) reversionary interest

B) reversionary right

C) reversion

D) remainder estate