In property law, what does the term “reversion” refer to?

The term “reversion” specifically refers to the return of property rights to the original owner after a lease ends. In property law, when a property owner leases their land or property to a tenant, the owner retains a future interest known as a reversion. Once the lease term expires, the rights to possession and use of the property revert back to the original landlord or property owner.

This concept is fundamental in real property law as it delineates the relationship between the lessor (landlord) and lessee (tenant). It ensures that after the lease period is fulfilled, the property is returned to the landlord, allowing them to regain control and use of their property without further obligation to the tenant.

The other choices do not accurately capture the meaning of “reversion.” The right to possess property indefinitely relates more to ownership rather than a temporal interest like leasing. Transferring property to another party describes a conveyance or transfer of title, while altering property boundaries pertains to property law issues surrounding land use and not the concept of reversion.