What is a reversion in property law?

A reversion in property law refers to the interest that a grantor retains after transferring a limited estate in the property to another party. Essentially, when a property owner grants a limited estate—such as a life estate or a term of years—the property will eventually revert back to the grantor or their heirs once that limited estate ends. This concept is foundational in understanding how property interests can be structured and reflects the idea that the original owner, or grantor, maintains a future interest in the property.

The other options do not accurately reflect the concept of reversion. The transfer of property ownership to another party represents a different legal principle of conveyance, rather than focusing on the grantor's retained interest. Splitting of property between co-owners involves creating concurrent interests rather than the idea of a reversion to a grantor. Lastly, the sale of interest in the property denotes a transfer of rights rather than the return of rights to the original owner when the conditions of a limited estate are fulfilled. Thus, option A accurately encapsulates the essence of what a reversion entails in property law.