Dictionary of Business Terms: estate in reversion
estate in reversion
estate left by the grantor for himself or herself, to begin after the termination of some particular estate granted by him or her. For example, a landlord has an estate in reversion that becomes his to possess when the lease expires.
Dictionary of Real Estate Terms: estate in reversion
estate in reversion
an estate left by the grantor for himself or herself, to begin after the termination of some particular estate granted by him or her.
Example: All landlords have an estate in reversion that becomes theirs to possess when the lease expires.
