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. Each owner holds title to the...

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...

Condition Precedent

In contract and real estate law, a condition precedent is a specific event or requirement that must occur before a contract becomes fully effective or before a party is obligated to perform. Until the condition precedent is satisfied, the rights and duties under the...