What is a reversioner in law?

Legal Definition of reversioner : one that has or is entitled to a reversion broadly : someone having a vested right to a future estate.

What is reversioner in remainder?

A reversioner in remainder: Remainder man: ( rule of retention of property): A remainder man is a person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. Usually this occurs due to death or termination of the former owner’s life estate.

What is reversioner under Hindu law?

Any surviving male or female who would have been a heir of the last absolute owner had he been alive at that time was called a reversioner, who was entitled to succeed the property after the death of the limited owner (widow).

What means reversionary?

adjective. Law. Relating to the right, especially of the original owner or their heirs, to possess or succeed to property on the death of the present possessor or at the end of a lease. ‘she gifted 92 per cent of her estate to her daughter and grandsons as reversionary property’

Which is the best definition of a reversioner?

Definition of reversioner. : one that has or is entitled to a reversion broadly : one having a vested right to a future estate.

Who is a reversioner in the estate law?

Reversioner Law and Legal Definition. Reversioner is a party entitled to receive an estate in reversion or one who possesses the reversion to an estate; an heir in reversion.

Who is a reversioner in black’s law?

What is REVERSIONER? definition of REVERSIONER (Black’s Law Dictionary) Definition of REVERSIONER: A person who is entitled to an estate in reversion. By an extension of its meaning, one who is entitled to any future estate or any property in expectancy.

When does a reversion of a property occur?

Any future interest kept by a person who transfers property to another. A reversion occurs when a property owner makes an effective transfer of property to another but retains some future right to the property.