What is a reversionary interest?

A reversionary interest is a type of property right that can exist within the domain of property law. Specifically, this term is used within the state of California to refer to a situation in which the ownership of a piece of property is suspended until a certain condition is met. For example, a person may own a piece of property but they can choose to suspend their ownership until either they pass away or reach a certain age. This means that the current owner of the property will be the rightful owner until the condition is met, at which point the property will be reverted and passed onto the rightful owner specified by the condition. In short, a reversionary interest is a condition that can exist with property ownership in the state of California. It is a situation in which the current owner of a piece of property has their ownership suspended until a certain condition is met, at which point the property will revert and be passed onto the rightful owner.

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What is a reversionary interest?

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