Question

An estate in land that places certain restrictions on an owner's use of the property and contains an automatic reverter clause is known as:

A. Concurrent estate.
B. Future interest.
C. Remainder estate.
D. Reversionary estate.

Answer 1

A reversionary estate is an estate in land that places certain restrictions on an owner's use of the property and contains an automatic reverter clause.

Step-by-step explanation:

An estate in land that places certain restrictions on an owner's use of the property and contains an automatic reverter clause is known as a reversionary estate.

Reversionary estates are created when a grantor transfers property to a grantee, but retains the right to regain possession of the property if a specified condition is not met.