Remainder

An estateThe ownership interest of an individual in real property. The sum total of all the real property and which takes effect after the terminationEnd of a lease or contract, usually before the anticipated time; termination may be by mutual agreement of the prior estate, such as a life estateAn estate or interest in real property, which is held for the duration of the life of some certain person.. A future possessory interestOutgrant interests of private corporation and individuals to land that the Federal Government has withdrawn in real estateThe physical parcel of land and all improvements permanently attached. An identified parcel or tract.

Remainder

An estateThe ownership interest of an individual in real property. The sum total of all the real property and which vests after the terminationEnd of a lease or contract, usually before the anticipated time; termination may be by mutual agreement of the prior estate, such as a life estateAn estate or interest in real property, which is held for the duration of the life of some certain person.. It is created at the same time and by the same instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. as another estate and limited to arise immediately upon the