Kiritsis & Associates

 

What is a reversion?

Jul 14, 2021

Kiritsis Law Group 212 922 0005

By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M


Generally a reversion may refer to a conveyance reversion, that returns the land to grantor, or his heirs, upon the happening of an event or a contingency. Typically, a reversion, is usually possible when the grantor has conveyed a lesser interest than the one he possessed. Reversions issued in real property transactions, could be found in a number of legal arrangements, such as: leases, wills, trusts, estate planning, and intestacy proceedings. A reversion, is not he same thing as a possibility of reverter, which comes from a fee simple determinable grant. Usually a reversion is totally alienable.   Unlike a possibility of reverter, a reversion contains stronger  (depending on jurisdiction and the drafting language used) enforcement mechanisms for the grantor to take back his property (or a part there of). Although, American courts have generally treated reversions as alienable (i.e. they can pass by will), there may be other statutes or agreements that may dampen alienability (an example could be a mortgage agreement on a large commercial real estate that may restrict alienability without approval from the independent director). 

 

Law Offices of Kiritsis & Associates 

Phone # 212 922 0005

Manhattan Office (Main Office):

633 Third Avenue

New York, NY 10017

Suite 1306

Brooklyn Office (By Appointment Only):

1023 74th Street

Brooklyn, NY 11228

1st Floor

New Jersey Office:

7309 Ventnor Avenue

Ventnor, NJ 08406

2nd Floor

 

ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.

We hope you would find this website useful with regards to finding potentially relevant information for your legal issue.   The Law Offices of Kiritsis & Associates PLLC is a boutique Law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey.  We strive to provide professional legal services for individuals and various business entities.  Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.

We offer flat fee prices for many of the practice areas provided listed throughout our website.  For more information on the topic you may be interested, or simply to find out how our law Firm Group can help, you may click at any of our site's links.

 

We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person. 

Phone# 212-922-0005


Intellectual Property Disclaimer(s):

Copyright 2021

The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws.  You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis.  Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced.  All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.

Website Created & Hosted by Website.com Website Builder