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If the owner doesn't pay, the property reverts to the state.
At the end of the term, the property reverts back to the freehold owner.
title to the property reverts to the United States in the event that the property is used otherwise.
A controversial amendment to the Marriage Law passed in August says that in divorce, unless contested, property reverts to the legal owner, leaving many women who cannot prove their financial contribution empty-handed, Ms. Fincher said.
For decades, New York has taken this money under the ancient common-law right in which unclaimed property reverts, or escheats, to the state, as it once did to the lord of the manor or to the crown.
One retains a reversion when he gives his property to another for that person's use during his life only, and at his death the property reverts to the prior owner; or one may give his property to another to possess and use as his own only until the operation of a certain condition.
Similar(51)
When he died, without paying off the reverse mortgage, the property reverted to members of Fauré's family who lacked the means or inclination to keep it up and eventually chose to sell.
But at the expiry of the lease, all rights of ownership over the property revert to the freeholder.With this, the three economists can estimate the discount rate used to value very long-term assets.
While the lease for a store on Fifth Avenue was sold to Coach for $725,000, there were no bidders for the 5,700-square-foot 5,700-square-foot 5,700-square-footy.. Control of the property reverted to the landlord, the store Property Group, the latgestheall owner in the country, whoSourcedings include Roosevelt Field and the Walt WhitmallMall as well as the Source.
At the end of the lease, all rights to the property revert to the government.
By 1962 the new developers were in financial trouble, and the property reverted again to Garcia in 1963.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com