Question

The remnant of an estate that the grantor holdsafter he's granted a life estate to another person, ifthe estate will return to the grantor, is called:

A) reversionary interest
B) reversionary right
C) reversion
D) remainder estate

Answer 1

The remnant of an estate that the grantor holds after he's granted a life estate to another person if the estate will return to the grantor, is called D) Reversion

Explanation:

The correct answer is D) Reversion because, according to the Real Estate definitions, reversionary interest refers to future interest that reverts to a grantor, reversionary right refers to the return of the rights of the possession and quiet enjoyment to the lessor at the expiration of a lease and remainder estate refers to the remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate.