- conditional estate
- See conditional fee; conditional limitation; estate on condition.
Ballentine's law dictionary. Anderson, W.S.. 1998.
conditional estate
Look at other dictionaries:
estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… … Law dictionary
conditional — I adjective alterable, changeable, conditioned, containing stipulations, contingent on, dependent on, depending on, depending on a future event, determined by, equivocal, granted on certain terms, hypothetical, imposing a condition, indefinite,… … Law dictionary
estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… … Black's law dictionary
estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… … Black's law dictionary
Conditional limitation — Conditional Limitation, in law, a phrase used in two senses. (1) The qualification annexed to the grant of an estate or interest in land, providing for the determination of that grant or interest upon a particular contingency happening. An estate … Wikipedia
conditional ownership — Ownership in which the owner does not have full right to the property, but could acquire full ownership if specific conditions are fulfilled the ownership is conditional on those conditions. For example, George is the alternate remainder… … Law dictionary
conditional fee — A common law estate in land, otherwise known as a fee conditional or fee simple conditional, distinctive by reason of the limitation to particular heirs, exclusive of others, as a grant to a named person and the heirs of his body, or, in the case … Ballentine's law dictionary
Conditional sale — A conditional sale is a term used to describe a real estate transaction where the parties have set conditions. A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property … Wikipedia
Conditional Offer — In general, an agreement between a buyer and a seller that an offer will be made if a certain condition is met. In real estate transactions, conditions can include a home inspection or a mortgage application. Once the conditions are satisfied,… … Investment dictionary
estate subject to a conditional limitation — The distinction between an estate upon condition subsequent and an estate subject to a conditional limitation is that in former words creating condition do not originally limit term, but merely permit its termination upon happening of contingency … Black's law dictionary
