Property Ownership
In Mississippi, a 'reversionary interest' in real property refers to:
AThe right to receive rent
BThe grantor's right to have property return to them when a condition ends or a determinable estate expires✓ Correct
CA lien against the property
DA tenant's right to renew a lease
Explanation
A reversionary interest is the grantor's retained right to have property return to them upon the occurrence of a condition or the expiration of a limited estate (such as a life estate or fee simple determinable). The property 'reverts' back to the grantor.
Related Mississippi Property Ownership Questions
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