future interest

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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.
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future interest

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.