reversionary right

Definition

The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.

Use reversionary right in a sentence

You should try to always make sure that you always comply with any reversionary right that is called upon you.

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The reversionary right was set to occur next month so the two parties were negotiating the new terms of a potential lease.

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The property on Main Street was back in Mike's hands after the restaurant's 6 month lease expired, due to Mike's reversionary right of possession.

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