succesion
vijeta
(Querist) 26 January 2010
This query is : Resolved
what is reversioner?
Sachin Bhatia
(Expert) 26 January 2010
REVERSION - The residue of an estate left in the grantor, to commence in possession after the determination of some particular estate granted out by him; it is also defined to be the return of land to the grantor, and his heirs, after the grant is over.
The reversion arises by operation of law, and not by deed or will, and it is a vested interest or estate, and in this it differs from a remainder, which can never be limited unless by either deed or devise. A reversion is said to be an incorporeal hereditament.
Sachin Bhatia
(Expert) 26 January 2010
Although not in actual possession, the reversioner having a vested interest in the reversion, is entitled to his action for an injury done to the inheritance. The reversioner is entitled to the rent, and this important incident passes with a grant or assignment of the reversion. It is not inseparable from it, and may be severed and excepted out of the grant by special words.
A V Vishal
(Expert) 26 January 2010
reversion ((law) an interest in an estate that reverts to the grantor (or his heirs) at the end of some period (e.g., the death of the grantee))
reversioner ((law) a party who is entitled to an estate in reversion)
