estate on condition

An estate that vests, is modified, or is defeated upon the occurrence or nonoccurrence of some specified event.

• While an estate on limitation can revert without any action by the grantor or the grantor’s heirs, an estate on condition requires the entry of the grantor or the grantor’s heirs to end the estate whenever the condition occurs.

— Also termed estate on conditional limitation; conditional estate.

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词条贡献者

法律翻译Celia，毕业于新加坡知名法学院，专注翻译各类与酒店、博彩及休闲有关的法律文件。