What is the term for the right to regain ownership of a property after a life estate ends?

The term that refers to the right to regain ownership of a property after a life estate ends is known as a reversion estate. When a life estate is created, one party is granted the right to use and occupy the property for their lifetime. Upon their death, ownership does not pass to the life tenant's heirs; instead, it returns to the original owner or their estate. This mechanism ensures that the property eventually reverts back to the grantor or their designated party, reflecting the intricacies of property rights associated with life estates.

In understanding the concept of a reversion estate, it's important to recognize its distinction from terms such as escheat, which deals with property ownership reverting to the state when there are no legal heirs. Additionally, the notion of termination of estate does not specifically imply regaining ownership, as it simply indicates the end of an estate's duration without necessarily defining who regains ownership afterward. The exclusive right does not pertain to reclaiming ownership but more to the rights granted under lease agreements or similar contracts.