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Free Books / Society / Law / Real Property, Abstracts, Mining Law / |  |
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Chapter IV. Estates Classified As To Time Of Their Enjoyment. Section 38. In General |
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This section is from the book "Popular Law Library Vol6 Real Property, Abstracts, Mining Law", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
Estates as to the time of their enjoyment are divided into estates in possession and estates in expectancy. An estate in possession is one which entitles the holder to the possession of the property at the present time. An estate in expectancy is one which is to begin in the future. Estates in expectancy are divided into reversions and remainders.
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