Legal Question in Real Estate Law in Pennsylvania

reversion

my church is looking to purchase--name removed--piece of land to build--name removed--new church. We heard we could offer the Seller--name removed--''reverter clause'' where if the church went belly up, the land would revert back to the Seller. Is this true?


Asked on 11/12/02, 6:01 pm

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: reversion

It is possible to create a right in the seller to receive the property back in the event the church cease to utilize the property for religious purposes. However, it may complicate any financing that is intended. I suggest that you seek the advice of legal counsel. If I can be of any assistence please let me know. Gerald Hershenson Esq. 215-579-9390

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Answered on 11/12/02, 9:22 pm


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