Definition - What does Future Interest mean?
Future interest means that a person has a beneficial right to a property through a trust or inheritance in the future when certain factors are met. The factors are usually that someone dies and leaves a property to the person with future interest.
Future interest is also used as a term in landlord tenant law to cover the future when the landlord retakes possession of a property but is precluded from the same right to re-enter while the tenancy is valid.
Justipedia explains Future Interest
Legal status is obtained through the consideration of future interest in terms of defining what rights a person has—either now or in the future. People are able to use future interest as collateral on a loan when the knowledge of the future interest is absolute, such as through a trust.
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