in real property law, the interest in real property that is left after another interest
in the property ends, such as full title after a life estate (the right to use the
property until one dies). A remainder must be created by a deed or will. Example
Patricia Parent deeds Happy Acres Ranch to her sister Sally for life and upon Sally's
death to Charla Childers, Sally's daughter, or Charla's children if she does not
survive. Charla has a remainder, and her children have a "contingent remainder,"
which they will receive if Charla dies before title passes. A remainder is distinguished
from a "reversion," which gives title back to the grantor of the property (upon
Sally's death, in the example) or to the grantor's descendants; a reversion need
not be spelled out in a deed or will, but can occur automatically by "operation
of law. "
See also contingent remainder deed reversion title vested remainder
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