Remainder & Executory Future Interests | What is a Future Interest? Get free summaries of new opinions delivered to your inbox! The person who sold or leased the property is called the reversioner. We do not have such a situation here. Michigan may have more current or accurate information. This website helped me pass! These are future interests held by the grantor or devisor of an interest in real property. 35 0 obj 36 0 obj The possibility of reverter is a future interest held by a grantor or transferor of property as a fee simple determinable (See possessory estate ). Before: O'Connell, P.J., and Zahra and B.B. condition. FEmzL,]}vz dgrqxMvSOm}2[Wj*&={>uT`By/q >p0WUz1]HFbD!L{\3~&PvY1(lM endobj The company complained that the fence interfered with the rights of other property owners in the subdivision. This site is protected by reCAPTCHA and the Google, There is a newer version of the Michigan Compiled Laws, Act 13 of 1968 - POSSIBILITIES OF REVERTER AND RIGHTS OF ENTRY (554.61 - 554.65). If, on remand, defendants submit additional evidence that would support the application of principles of res judicata or collateral estoppel to bar plaintiffs' action, the court is directed to provide a detailed analysis in a written opinion. stating that collateral estoppel or issue preclusion bars relitigation of an issue, stating that collateral estoppel or issue preclusion, bars relitigation of an issue. Collateral estoppel applies only when the basis of the prior judgment can be clearly, definitely, and unequivocally ascertained. <> The 1962 case dealt with lot 41 and its waterfront parcel. Third-party defendant filed a motion for summary disposition, which Spartans coach Mel Tucker . The lessor typically retains a reversion interest in the property which will mature after the lease expires. To repeal Michigan's right-to-work law, which prohibits employers and unions from entering contracts that compel employees to pay dues or fees to a union as a condition of employment. noting that "the deed provided for an automatic reversion in the event of a violation, and hence a right of reversion", In Ditmore v Michalik, 244 Mich App 569, 580-81; 625 NW2d 462 (2001), this Court stated: "A right of reversion, or possibility of reverter, is a future interest that remains in a grantor and is associated with a fee simple determinable. 2022-10-05T12:19:11-07:00 endobj Updated March 30, 2001. His wife, therefore, gains an inchoate right of dower immediately. Although the bailee has the right to possess the property during the limited duration, these rights are neither permanent nor exclusive.
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