future interest

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Also found in: Legal.

Future Interest

In real estate, ownership of a property without the right to use it at present. For example, the owner of an apartment has a future interest if she rents it to a tenant. She may own the apartment, but the tenant has the right to live there. Generally, the owner may enter without permission or at least prior notice.

future interest

Interest in land in which the possession and enjoyment are deferred until a future date.

References in periodicals archive ?
allowing the principals to exercise dead hand control, it will have to
for the next few decades; dead hand control in charity rests on the very
sets out the traditional arguments in favor of dead hand control,
to the positive case against dead hand control, the advantages of
a measure of dead hand control, in terms of agency costs.
newer argument for dead hand control can be met by other means,
The traditional case for dead hand control rests on two sets of
deontological; it maintains that recognizing dead hand control is, in
for dead hand control based on the general obligation to honor promises
removal of legal enforcement of dead hand control would leave in place
The other deontological argument for dead hand control fares no
charity are entitled to exercise dead hand control as an incident of