Condition Precedent at Real Estate Glossary

What is it? A condition that requires a certain action or a specified event to take place before an estate granted can take effect. For example, most installment real estate sales contracts require all payments to be made by the time specified before the buyer can de

Real Estate Definition Added By: Xavier

Send To Friends!

If you'd like to send the Condition Precedent definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Condition Precedent. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Interest-only loan is The pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest, the outstanding balance of the loan does not decline with each payment.

Real Estate Term Leasehold Estate is A tenants right to occupy real estate during the term of a lease; a personal property interest.

Real Estate Term Possession is When a buyer signs the papers and receives the keys to the house, the buyer officially takes possession.

Real Estate Term Misrepresentation is A false statement or concealment of a material fact made with the intention of inducing some action by another party.

Real Estate Term Guardian is A person, appointed by court or by will, given the lawful custody and care of the person or property of another (called a ward). The ward might be a minor, an insane person or even a spendthrift. The guardian may, upon court approval and without necessity