Right of Way

In real estate law, a right of way is a type of easement that grants the right to pass over another person’s land or to use it for specific access or utility purposes. It allows one party to use the land of another without owning it. A right of way may be created by...

Right of Survivorship

In real estate law, the right of survivorship is the right of a surviving owner to acquire the interest of a deceased co owner in property. Upon the death of one owner, the surviving owner or owners automatically succeed to the deceased person’s share. This right is...

Right of Anticipation

In real estate finance, the right of anticipation is the borrower’s right to prepay a loan, in whole or in part, without incurring a penalty. It allows the borrower to satisfy the debt before its scheduled maturity. This right provides flexibility to refinance, sell...

Reversionary Interest

In real estate law, a reversionary interest is a future interest held by a person who has transferred a temporary estate in property but retains the right to regain possession when that estate ends. The interest arises by operation of law and does not require a new...

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 Federal revenue stamps have since been replaced by...