Larry leases his farm to Tom for a period of twenty years. What interest does Larry have in the land?
A) A vested remainder.
B) A reversion.
C) A private easement.
D) A possibility of reverter.

Question

Quizplus · Accepted Answer

Larry has a reversionary interest in the land, which means that at the end of the lease term, ownership and possession of the land will automatically revert back to Larry.

Larry Leases His Farm to Tom for a Period of Twenty