REV

Reversion

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.

Requirement

REVR01 STG

Release Reversionary Clause

Reversionary or forfeiture clause set forth in instrument executed by ____________ to ____________ recorded ___________. The Company requires for its review a satisfactory release from the owner or successors to such interest.
Comment: If a reversionary or forfeiture clause appears in the chain, you must except to or require a release of that item.

See Underwriting Manual

Exception

REVX01 ALTA

Reversionary Clause

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.

See Underwriting Manual