Examlex
At a local Subway, Jill Jones owns 1/4 of the company and Roger Moore owns 1/8. Bill Moore owns the rest. What part is owned by Bill?
Vested Remainder
A future interest in property that is certain to occur, either after a stated period passes or upon the occurrence of a specified event.
Conveyed
The act of transferring ownership or interest in property from one person to another through legal means.
Lakefront Property
Real estate located directly adjacent to a lake, often highly valued for its views, recreational opportunities, and aesthetic appeal.
Reversion
In property law, the return of property rights to the original grantor or his/her heirs after the termination of a particular estate.
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