Reversionen

Reversionen, also known as reversion, is a legal concept that refers to the automatic transfer of property or rights back to the original owner or a specified party upon the occurrence of a certain event. This event is typically the death of the current owner or the expiration of a lease. Reversion is commonly used in real estate and lease agreements to ensure that the original owner or landlord retains control over the property after a specified period or upon the death of the current owner.

In real estate, reversion can occur when a property is sold with a right of reversion. This means that the original owner retains the right to reclaim the property under certain conditions, such as the death of the current owner or the expiration of a lease. Reversion is also used in lease agreements to ensure that the landlord retains control over the property after the lease term ends.

Reversion is an important legal concept that helps to protect the interests of the original owner or landlord and ensures that the property is returned to their control upon the occurrence of a specified event. It is commonly used in real estate and lease agreements to provide a level of security and certainty for both parties involved.