Possibility Of A Reverter Legal Meaning and Definition

Here is a simplified definition of the legal term Possibility Of A Reverter.

Possibility of a Reverter (Legal Term, Noun)

The legal term Possibility of a Reverter refers to the likelihood or potential that ownership of a property or land may revert, or return, to the original grantor (the person who gave or transferred the property) or their legal heirs. This situation is typically conditional and occurs in instances where specific terms or conditions outlined in a property agreement are not fulfilled. An example would be if land granted for scientific research is not employed for that designated purpose, then the property ownership can revert back to the original grantor or their heirs.