lease of the reversion — A lease of property already subject to a lease, which is granted out of the reversion. It is also known as a concurrent lease. Sometimes a lease of the reversion may be called an overriding lease, however, that term has a specific meaning in the… … Law dictionary
reversion — re·ver·sion /ri vər zhən/ n [Anglo French, from Middle French, from Latin reversio act of turning back, from revertere to turn back] 1: the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a … Law dictionary
Lease and release — is a temporary transfer (by sale) of title to real estate under real property law. Lease and release was a mode of conveyance of freehold estates, formerly common in England and in New York, its place is now supplied by a simple deed of grant. [… … Wikipedia
lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… … Black's law dictionary
lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… … Black's law dictionary
lease — Synonyms and related words: adverse possession, alodium, bareboat charter, burgage, charter, claim, colony, copyhold, de facto, de jure, dependency, derivative title, equitable estate, estate at sufferance, estate for life, estate for years,… … Moby Thesaurus
reversion — /rɪ vɜ:ʃ(ə)n/ noun a return of property to an original owner ♦ he has the reversion of the estate he will receive the estate when the present lease ends … Dictionary of banking and finance
lease and release — noun 1. : a nearly obsolete common law mode of conveyance of freehold estates by means of a lease vesting a leasehold estate in the lessee upon actual entry and a subsequent release of the reversion to the lessee, thus vesting the fee in the… … Useful english dictionary
reversion duty — noun chiefly Britain : a duty levied on a lessor at the termination of a long lease based on increase of property valuation during the period of the lease … Useful english dictionary
reversion — Synonyms and related words: about face, about turn, atavism, back track, back trail, backing, backing off, backing out, backing up, backset, backsliding, backup, backward deviation, bequeathal, bequest, birthright, borough English, coheirship,… … Moby Thesaurus
