There are several distinct reversionary rights: reversion (e.g., after granted life estate or estate for years), possibility of reverter (with fee simple determinable), and right of reentry (with fee simple subject to condition subsequent). These rights may be created in deeds or wills, or set forth in covenants, conditions and restrictions.
Reversionary or forfeiture clause set forth in instrument executed by ____________ to ____________ recorded ____________. The Company makes no representation of the present ownership of this interest.
Comment: If a reversionary or forfeiture clause appears in the chain, you must except to or require a release of that item.