Reversion

In real estate law, reversion is the right to future possession or enjoyment of property that remains with the person who created a prior estate, or with that person’s heirs. It arises automatically when a temporary estate, such as a lease or life estate, comes to an...

Revenue Stamps

In real estate transactions, revenue stamps were originally federal tax stamps required on the sale or transfer of real property. They evidenced the payment of a tax based on the consideration paid for the property. Federal revenue stamps have since been replaced by...

Revaluation Clause

In real estate leasing, a revaluation clause is a provision in a lease that requires the leased property to be periodically reappraised. The purpose of the revaluation is to determine the property’s current value. Based on the results of the appraisal, the rent is...

Return

In real estate and investment analysis, return refers to the profit or yield generated from an investment. It represents the financial benefit received relative to the amount invested. Return may be derived from income, such as rent, as well as from appreciation or...

Restriction

In real estate law, a restriction is a limitation placed on the use of land that prohibits certain activities or uses by the property owner. These limitations are intended to control how the property may be used or developed. Restrictions are commonly created by...