REVERTER Meaning and
Definition
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Reverter refers to a legal term commonly used in property law, specifically regarding the reversion of property to its previous owner or the owner's heirs once a specific condition or limitation has been met. In simple terms, it is the right of the original owner to reclaim their property after a certain event or circumstance has occurred.
Typically, a reverter arises when a property is granted with a specific condition or limitation attached to its use. For instance, if a piece of land is given for the purpose of building a library, the property will revert or go back to the original owner or their heirs if the library ceases to exist or if the land is used for any other purpose. The event triggering the reverter is generally specified in the language of the initial grant or conveyance.
Reverter is often associated with fee simple determinable estates, where the grantor retains the possibility of reverter interest. In such cases, the original owner can reclaim the property without having to initiate legal action or go through additional legal procedures. The reverter right aims to ensure that the property is used as intended by the grantor.
Overall, reverter provides a mechanism to safeguard the conditions or limitations attached to property grants, granting the original owner or their heirs the ability to reclaim the property if those conditions are not met.
Common Misspellings for REVERTER
Etymology of REVERTER
The etymology of the word reverter can be traced back to Latin roots. It is derived from the Latin verb reverti, which means to turn back or to return. In Latin, revertere is the imperative form of reverti, indicating a command to return or go back. From Latin, the word entered into Old French as revertir, which eventually evolved into the Middle English reverter.
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