About: Future interest

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In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease.

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rdf:type	yago:WikicatWillsAndTrusts yago:Ability105616246 yago:Abstraction100002137 yago:Cognition100023271 yago:Faculty105650329 yago:PsychologicalFeature100023100 yago:Volition105652593
rdfs:label	Future interest (en)
rdfs:comment	In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease. (en)
dcterms:subject	Real property law Wills and trusts
Wikipage page ID	4893539 (xsd:integer)
Wikipage revision ID	1083164026 (xsd:integer)
Link from a Wikipage to another Wikipage	Beneficiary (trust) Defeasible estate Life estate Posthumous birth Estate (law) Property law Cleveland Browns Gift (law) Condition precedent Right to property Common law Gestation period Real property law Florida Real estate Remainder (law) Wills and trusts Lease Blackacre Super Bowl Alienation (property law) Rule against perpetuities Executory contract Probate Rule Against Perpetuities Will (law) Executory interest
sameAs	Future interest Future interest Future interest Future interest
dbp:wikiPageUsesTemplate	dbt:Property_law dbt:About dbt:Main dbt:Short_description
has abstract	In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease. As a slightly more complicated example, suppose O is the owner of Blackacre. Consider what happens when O transfers the property, "to A for life, then to B". Person A acquires possession of Blackacre. Person B does not receive any right to possess Blackacre immediately; however, once person A dies, possession will fall to person B (or his estate, if he died before person A). Person B has a future interest in the property. In this example, the event triggering the transfer is person A's death. Because they convey ownership rights, future interests can usually be sold, gifted, willed, or otherwise disposed of by the beneficiary (but see Vesting below). Because the rights vest in the future, any such disposition will occur before the beneficiary actually takes possession of the property. There are five kinds of future interests recognized at common law: three in the transferor and two in the transferee. (en)
prov:wasDerivedFrom	wikipedia-en:Future_interest?oldid=1083164026&ns=0
page length (characters) of wiki page	15969 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Future_interest
is Link from a Wikipage to another Wikipage of	Rule in Shelley's Case Vanderbilt Triple Palace Defeasible estate Index of law articles Index of real estate articles Life estate Life interest Property law in the United States Estate tax in the United States Gift (law) Grantham Mullane v. Central Hanover Bank & Trust Co. Conditional limitation Contingent interest Fee tail Lessee of Ashton v. Ashton Future Interest William Wollaston Remainder (law) Reversion (law) Abeyance Blackacre Remainderman Dilston Castle Bond (finance) Executory Interest Vesting Waste (law) Conditional fee Rule against perpetuities Executory contract Legal interest Future interests Reversion Remainder Reversion remainder Determinable interest Defeasable interest Possibility of a reverter Possibility of reverter Executory interest Executory interests Shifting executory interest Shifting interest Shifting remainder Springing interest
is Wikipage redirect of	Future Interest Executory Interest Future interests

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