reversioner in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Reversioner: a person who holds the right to reclaim ownership of a property after a temporary interest, such as a lease, expires.
Sample Sentences
- The reversioner will regain ownership of the property after the lease expires.
- In legal terms, a reversioner is the person who holds the right to a property once a temporary interest ends.
- When the trust fund matures, the reversioner will receive the remaining assets.
- As a reversioner, she had to wait patiently until the current tenant vacated the premises.
- The complexities of reversionary rights can often lead to disputes among stakeholders.