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Statements

Subject Item
dbr:Future_interest
rdf:type
yago:WikicatWillsAndTrusts yago:Cognition100023271 yago:Faculty105650329 yago:Volition105652593 yago:Abstraction100002137 yago:PsychologicalFeature100023100 yago:Ability105616246
rdfs:label
Future interest
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.
dct:subject
dbc:Real_property_law dbc:Wills_and_trusts
dbo:wikiPageID
4893539
dbo:wikiPageRevisionID
1083164026
dbo:wikiPageWikiLink
dbr:Rule_Against_Perpetuities dbr:Lease dbr:Gift_(law) dbr:Florida dbr:Super_Bowl dbr:Remainder_(law) dbr:Right_to_property dbc:Real_property_law dbr:Defeasible_estate dbr:Blackacre dbc:Wills_and_trusts dbr:Condition_precedent dbr:Common_law dbr:Property_law dbr:Life_estate dbr:Will_(law) dbr:Estate_(law) dbr:Rule_against_perpetuities dbr:Alienation_(property_law) dbr:Beneficiary_(trust) dbr:Executory_contract dbr:Real_estate dbr:Probate dbr:Gestation_period dbr:Executory_interest dbr:Posthumous_birth dbr:Cleveland_Browns
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dbt:About dbt:Main dbt:Property_law dbt:Short_description
dbo: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.
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wikipedia-en:Future_interest?oldid=1083164026&ns=0
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15969
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wikipedia-en:Future_interest