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Future Interests in Property: Definition & Related Concepts

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If you hold a ____, you have a present right to possess and use the relevant real property.

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1. A ____ is a non-possessory interest in real estate where you may have right of possession one day.

2. A ____ is transfer of property during life.

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About This Quiz & Worksheet

Through a series of example scenarios, this quiz/worksheet will ask you about future interests. Topics will range from life estates to fee simple defeasibles to what happens to one's heirs in regard to property.

Quiz & Worksheet Goals

By answering these questions, you will be more learned on:

  • Property granted to someone upon natural expiration
  • The granting of a life estate
  • Automatic reversion
  • Contingency of interest
  • Action taken before gaining possession

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about real property law in a different light
  • Information recall - access the knowledge you've gained regarding future interests
  • Interpreting information - verify that you can read information on different examples of future interests and interpret them correctly

Additional Learning

If you would like to learn more when it comes to future interests in property, check out our related lesson, Future Interests in Property: Definition & Key Concepts. This lesson will further your knowledge of:

  • The definition of future interests
  • Possibilities of a reverter
  • Reversion
  • Remainder
  • Right of Entry
  • Executory Interest
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