Condition Subsequent
Definition of "Condition subsequent"
Condition that depends on the failure or nonperformance of which an estate already granted may be overthrown. Upon the breach of the condition, the grantor has the power to terminate the estate.
Popular Real Estate Terms
part of the Department of Housing and Urban Development (HUD), which sees that complete disclosures are made for land sales. ...
Professional certification granted by the Institute of Real Estate Management, an affiliate of the National Association of Realtors. ...
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Owner-occupied housing. ...
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The real and personal assets of a person at the date of death. The distribution of the assets to the heirs depends on the provision of the will. If no will exists, the distribution is based ...
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