conditional limitation

conditional limitation
An executory interest in real estate, created by conveyance, which divests and succeeds a preceding interest upon the happening of a particular contingency or stated event; an executory interest in real estate characterized by a condition and a limitation over, the former stating the effect of a breach in terminating an estate and the latter providing a succeeding estate in the holder of the text expectant interest, without any act on his part. 28 Am J2d Est § 335; a provision in a lease by virtue of which the lease terminates ipso facto upon a certain event happening or not happening or the performance or nonperformance of an act, irrespective of re-entry by the landlord or other act. 32 Am J1st L & T § 825.

Ballentine's law dictionary. . 1998.

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  • 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

  • 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

  • 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

  • limitation — lim·i·ta·tion n 1 a: restriction a limitation on the rights of ownership b: a statement or stipulation in a deed or will placing limits on the disposition of an estate or interest esp. in regard to duration or heirs see also word …   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 on conditional limitation — An estate conveyed to one person so that, upon occurrence or failure of occurrence of some contingent event, whether conditional or limitative, the estate shall depart from original grantee and pass to another. Carpender v. City of New Brunswick …   Black's law dictionary

  • estate on conditional limitation — An estate conveyed to one person so that, upon occurrence or failure of occurrence of some contingent event, whether conditional or limitative, the estate shall depart from original grantee and pass to another. Carpender v. City of New Brunswick …   Black's law dictionary

  • limitation — Restriction or circumspection; settling an estate or property. A certain time allowed by a statute for bringing litigation (see statute of limitations, below). The provisions of state constitution are not a grant but a limitation of legislative… …   Black's law dictionary

  • limitation — Restriction or circumspection; settling an estate or property. A certain time allowed by a statute for bringing litigation (see statute of limitations, below). The provisions of state constitution are not a grant but a limitation of legislative… …   Black's law dictionary

  • conditional — That which is dependent upon or granted subject to a condition. As to conditional acceptance conditional appearance conditional bequest conditional contract conditional delivery conditional devise conditional fee …   Black's law dictionary

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