← 2.10
|
What Is a Future Interest
⏱ 00:00
1/7
Sub-topic 1 of 5
Recall
Which of the following is the most accurate definition of a 'future interest' in property law?
A
A legal right to property ownership that does not include the right to present possession or enjoyment of the property.
B
A legal right that grants immediate possession of a property upon signing of a sale and purchase agreement - a future interest crystallises into a possessory right as soon as the legal formalities of the transfer are completed, without any waiting period
C
An interest held jointly by two or more parties who each enjoy equal present possession.
D
A temporary licence granted to a party to occupy a property for a fixed term.