Which interest refers to a remainder or future interest in a property?

The choice of remainder interest is accurate because it specifically refers to a future interest in property that will become possessory when a prior estate ends. In real estate terms, a remainder interest is created when a property owner conveys a life estate to one party (the life tenant) but specifies that the property will pass to another party (the remainderman) upon the death of the life tenant. Thus, the remainderman has a future interest in the property that they will possess once the life estate terminates.

The legal life estate provides use of the property during the lifetime of the life tenant but does not grant any future interest to the life tenant; therefore, it does not fit the definition of a remainder or future interest. Reversionary interest also involves a future interest but pertains specifically to the original grantor's right to reclaim the property after a certain event, rather than a third party's right to obtain it. Littoral rights, on the other hand, refer to a property owner's rights concerning the use of body of water adjacent to their land and are not related to interests in property in terms of ownership or succession.