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Who holds the interest? - Reversion
Grantor
Patient or divesting? - Reversion
Patiently waits for natural end of preceding FT, LE, or TOY
Vesting of right to possession - Reversion
Vests automatically when prior estate ends
Transferability - Reversion
Alienable inter vivos; Devisable; Inheritable
O retains a reversion in absence of
(1) prior vested interest, (2) in FS, that is (3) ready to take immediately at end of all prior interests
Who holds the interest? - Possibility of Reverter
Grantor
Patient or divesting? - Possibility of Reverter
Patiently waits for natural end of preceding estate determinable
Vesting of right to possession - Possibility of Reverter
Vests automatically if prior estate ends
Transferability - Possibility of Reverter
• Not alienable inter vivos in some states • Not devisable in some states • Inheritable
Who holds the interest? - Right of Entry
Grantor
Patient or divesting? - Right of Entry
Divests preceding estate subject to condition subsequent
Vesting of right to possession - Right of Entry
Vests only if O acts to reclaim possession
Transferability - Right of Entry
• Not alienable inter vivos in some states • Not devisable in some states • Inheritable
Who holds the interest? - Remainder
Grantee
Patient or divesting? - Remainder
Patiently waits for natural end of preceding FT, LE, or TOY
Vesting of right to possession - Remainder
Vests automatically when prior estate ends
Transferability - Remainder
Alienable inter vivos; Devisable; Inheritable
Remainder must be conveyed at?
same time as present estate
Who holds the interest? - Executory interest
Grantee
Patient or divesting? - Executory interest
Divests prior estate
Vesting of right to possession - Executory interest
vests automatically
Transferability - Executory interest
Alienable inter vivos; Devisable; Inheritable
Note 
Flashcard (116)