Property Ownership
What is a 'reversionary interest' in Pennsylvania real estate?
AA lender's right to foreclose when payments are missed
BThe future ownership interest retained by a grantor when they convey a lesser estate (e.g., a life estate), which returns to the grantor when the lesser estate ends✓ Correct
CAn ex-owner's right to repurchase property under certain conditions
DA municipality's right to acquire property when an owner dies intestate
Explanation
A reversionary interest is the future ownership interest that remains with the grantor after conveying a lesser estate. For example, when a grantor conveys a life estate, they retain a reversion — the property returns to the grantor (or their heirs) when the life tenant dies.
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