An estate in reversion is a future interest that a grantor retains for themselves, which begins after the termination of some particular estate that has been granted.
A Remainderman is the individual who is designated to inherit or receive possession of a property after the termination of the preceding estate, typically after the death of a life tenant.
Reversion refers to the right of a lessor to possess leased property upon the termination of a lease. It is a critical concept in real estate, as it dictates the future interest in rental properties and land transactions.
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