What type of interest does Lonnie have in the property after conveying ownership to his mother?

Lonnie has a reversion interest in the property after conveying ownership to his mother. This means that when he transferred ownership, he retained a future interest that will automatically revert back to him when a specified event occurs, typically upon his mother's death or when she no longer needs the property.

In situations where property is conveyed but the original owner retains an interest, the reversion is a legal mechanism that allows the original owner to regain ownership in the future. This contrasts with a life estate, where the owner has a temporary interest that lasts for the life of a designated individual, and a remainder interest, which would grant another party ownership after the termination of a life estate. Fee simple, on the other hand, refers to the maximum ownership interest, where the owner has complete control and rights over the property indefinitely.

This understanding of property conveyance and the various interests involved is crucial in real estate, particularly in understanding how ownership can be structured and transferred over time.