Estate Subject to Condition Precedent
Definitions
- (n.) A type of estate in property law that becomes effective only upon the occurrence of a specified future event or condition.
The grantor transferred the land as an estate subject to condition precedent, which meant the beneficiary would receive full ownership only if they graduated from college.
Forms
- estate subject to condition precedent
Related terms
See also
Commentary
This estate differs from one subject to condition subsequent in that the estate does not arise until the condition is met, requiring precise drafting to indicate the triggering event clearly.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.