Constructive Eviction

In landlord-tenant law, constructive eviction occurs when a landlord’s actions or failure to act substantially interfere with a tenant’s right to quiet enjoyment of the leased premises, effectively forcing the tenant to vacate even though no formal eviction has taken...

Construction Loan

In real estate financing, a construction loan is a short-term loan used to fund the building or major renovation of real property. Rather than being disbursed in a lump sum, the loan proceeds are typically released in stages, or “draws,” as construction progresses and...

Condominium

In real estate, a condominium is a form of property ownership in which individual units within a building or group of buildings are owned separately, while the remaining portions of the property are owned jointly by all unit owners. A condominium is usually based on...

Conditional Estate

In real estate law, a conditional estate, most commonly referred to as a fee simple defeasible estate, is an ownership interest in property that is granted subject to a specific condition. Although the owner holds many of the same rights as a fee simple owner, the...

Condition Subsequent

In real estate and contract law, a condition subsequent is a condition that applies after an estate has already vested or a contract has become effective, and that can result in the termination of rights or obligations if the condition is not met. Unlike a condition...