google bot detected Vest | Real Estate Glossary |


Definition of "Vest"

Regina  Tavares
  Sotheby's International Realty

Giving another an immediate benefit. Example are an employee in a real estate company receiving pension or health care benefits after five years of employment, and passing title to property. Once vesting has occurred a legal right exists to the recipient. One can have title without possession, such as when there is a life estate from Jack to Brian, but Brian only obtains possession upon Jack's demise.

Related Real Estate Glossary terms

Related Real Estate FAQ