The postponed right of use or enjoyment of property is called what?

Study for the Cannon Trust School Level I Exam. Utilize multiple choice questions, complete with hints and explanations. Prepare effectively for your certification!

Multiple Choice

The postponed right of use or enjoyment of property is called what?

Explanation:
In property law, a future interest is a right in property that will become possessory only later. The phrase “postponed right of use or enjoyment” describes exactly that delaying of possession until a future event. A life estate is a present interest held now for someone's life, so it isn’t postponed. A remainder is a specific type of future interest that takes effect after a prior estate ends. The general concept that fits the description best is a future interest.

In property law, a future interest is a right in property that will become possessory only later. The phrase “postponed right of use or enjoyment” describes exactly that delaying of possession until a future event. A life estate is a present interest held now for someone's life, so it isn’t postponed. A remainder is a specific type of future interest that takes effect after a prior estate ends. The general concept that fits the description best is a future interest.

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