Property Ownership
In Minnesota, a 'reversion' in real property law means:
AThe property reverts to the government through escheat
BThe grantor retains a future interest in property conveyed for a limited estate, which returns to the grantor when the estate ends✓ Correct
CA foreclosed property reverts to the mortgage lender
DA leasehold property reverts to the tenant after lease expiration
Explanation
A reversion is the future interest retained by the grantor when they convey a lesser estate (such as a life estate). When the life estate ends, the property reverts to the grantor (or their heirs). A reversion differs from a remainder, which is a future interest given to a third party rather than retained by the grantor.
Related Minnesota Property Ownership Questions
- In Minnesota, a condominium owner's 'common interest' in the condominium project includes:
- In Minnesota, which type of deed is most commonly used to release a deceased spouse's interest in real property to the surviving spouse when a joint tenancy already provides survivorship?
- A Minnesota property owner installs a new custom kitchen with built-in cabinets and appliances. For mortgage purposes, these items are:
- In Minnesota, a homeowner's association (HOA) has a right of first refusal in the CC&Rs. When a unit owner receives a purchase offer, they must:
- What is a lis pendens in Minnesota real estate?
- In Minnesota, what is the Marketable Title Act designed to do?
- What type of deed provides the greatest protection to a buyer in Minnesota?
- In Minnesota, a cooperative (co-op) housing arrangement means that:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →