Future Estates - Definition - Law Dictionary Home Dictionary Definition future-estates

Definition :

Future estates, expectancies, which are, at Common Law, of two kinds: reversions and remainders. If in land, these are now referred to as equitable interests by the L.P. Act, 1925, and are no longer capable of subsisting, being conveyed or created at law (ibid., s. 1), but the interests may be disposed of (s. 4). See SETTLEMENT; LEASE.