Remainder (property law)

 A remainder is a [[wex:future_interest|future interest]] in land.  It is the right to own and possess the land after the fixed interest of current holder expires.  Thus, a remainder can follow a [wex:life estate] or a [[wex:term_of_years|term of years]].  It is created by the use of the phrase "then to" or similar language.  For example both "to A for life, then to B" and "to A for 10 years, then to B" give B a remainder.  A person who has a remainder is called a remainderman.   Contrast with a [[wex:reversion|reversion]].

 

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