future interest | Wex | US Law | LII / Legal Information Institute
In property law, future interest is the right to possess property in the future. A future interest is in direct contrast with a present right to property, also referred to as a possessory estate. A future interest may be conditioned upon the occurrence of a …
The important characteristic of future interests is that the holder of such an interest is not entitled to the possession of the land, if at all, until some future time. Thus we call future interests
Future Interests: Reversion, Possibility of Reverter, Right of Entry ...
In Example 1, C has a possessory interest, while D has a future interest. However, the grantor, B, also has a future interest that becomes possessory only if D does not survive C. Otherwise, the property becomes vested in D; in other words, D would have …
Future interest - Wikipedia
In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common ...
future interest - Meaning in law and legal documents, Examples …
Future interest is a legal term that refers to a person's right to own or possess property at a later time. Imagine you have a friend who promises to give you their bicycle next year. Right now, you don’t have the bike, but you have a future interest in it …
GLOSSARY OF ESTATES AND FUTURE INTERESTS - Harvard Law School
2011年3月18日 · Estates that give the tenant seisin as well as the right to possession. future interest -- An interest in real property that may be fully exercised or enjoyed only at some future time. When applied to estates, the term “future interest” refers to a right to possession to commence some time in the future.
Present Possessory Estates and Future Interests Flashcards
A future interest will ripen into possession if some future event (1) terminates the prior estate and (2) changes the future interest into a new possessory estate. The main future interests are: Interest retained by the grantor • possibility of reverter; • right of entry, also called the power of termination; • reversion; Interest ...
Future Interests - Law Schoolers
2023年2月14日 · A future interest is simply a person’s right to possess a fee simple estate at a future time. There is typically a high value of interest. Individuals who hold this interest can stop the current possessor from committing waste, borrow against it, sell it, and even devise it if they die before obtaining possession.
Future Interests - wohanley
Present interest: Estate in possession (vested in possession) A future interest is a present right to future possession. If vested in interest, possession will be had; If contingent, i.e. subject to condition precedent, possession may be had e.g. Class gift: Can’t have a vesting until all of the class has been ascertained
Future Interests - PROPERTY LAW
NEVER CAN HAVE A POSSIBILITY OF REVERTER! Examples: i. O to A for life O has a reversion in a fee simple that is certain to become possessory; At A’s death, either O or O’s successor in interest will be entitled to possession. ii. O to A for life, then to B & her heirs if B survives A. O has a reversion that is NOT certain to become possessory.
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