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Simple English definitions for legal terms

possibility of a reverter

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A quick definition of possibility of a reverter:

The possibility of reverter is a legal term that means if someone gives property to another person, but with a condition that must be met, and that condition is not met, then the property goes back to the original owner. For example, if someone gives a piece of land to someone else, but only if they use it for a specific purpose, and that person uses it for something else, then the land goes back to the original owner. This is called the possibility of reverter.

A more thorough explanation:

The possibility of reverter is a legal term that refers to a future interest held by a property owner, known as the grantor or transferor. This interest is held in a type of property ownership called a fee simple determinable, which means that the property will automatically revert back to the grantor if a certain condition is not met.

For example, if a property owner grants a piece of land to a school district "so long as the land is used for educational purposes," the grantor retains the possibility of reverter. If the school district stops using the land for educational purposes, the property will automatically revert back to the grantor.

The possibility of reverter is different from the right of entry, which is another type of future interest held by a grantor. The right of entry allows the grantor to reclaim the property if a certain condition is not met, but it is not automatic like the possibility of reverter.

Overall, the possibility of reverter is a legal tool that allows property owners to ensure that their property is used in a certain way, and to reclaim the property if that condition is not met.

Possessory lien | Possibility of reverter

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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