What is it called when an interest in a deed is taken back by the grantor?

When an interest in a deed is taken back by the grantor, it is referred to as a reservation. This legal concept occurs when the grantor retains some rights or interests in the property while transferring ownership to the grantee. For instance, a grantor may convey a piece of land but reserve the right to access a specific portion for personal use or utility access.

Understanding the role of reservations in property transactions is crucial for both parties involved, as it defines the extent of what is being transferred and what is retained. This can impact the future use, access, and control over the property.

The other terms listed do not accurately describe the act of a grantor taking back an interest. For example, acquisition typically refers to the process of obtaining property, and conveyance is the act of transferring ownership from one party to another. Dedication generally pertains to the commitment of land for public use and does not involve the retention of rights by the grantor.