Definition: A future interest retained by a grantor when a lesser estate is conveyed and the property is to return to the grantor or the grantor's successors when that estate ends.
Example
An owner grants a life estate to another person while retaining the reversion.
Keep the distinction clear
A reversion is retained by the grantor; a remainder is created in another person. The end of the preceding estate determines when possession becomes available.
Related terms
Estate in Remainder · Life Estate · Grantor
Keep studying
Freehold vs. Leasehold Estates: How to Tell Them Apart
References: California DRE: real estate glossary
Pronunciation (US): ih-STAYT in ree-VUR-zhun (capitals show stress)
Pronunciation reference: Merriam-Webster
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