In real estate contracts, a contingency is a provision that makes the binding nature of the agreement dependent upon the occurrence of a specified event. Until the contingency is satisfied, the parties’ obligations under the contract are conditional and may allow one...

In real estate law, constructive notice is the legal concept that a person is presumed to have knowledge of certain facts or conditions affecting real property because they are recorded in the official public records, even if the person has no actual awareness of...

In real estate and legal contexts, constructive fraud refers to a breach of legal or fiduciary duty that the law treats as fraudulent, even though there may be no intent to deceive. It commonly arises when a person in a position of trust, such as a real estate broker...

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...

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...

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...

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...

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...

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...

In legal and real estate contexts, a condition refers to a future and uncertain event that affects the creation, continuation, or termination of a legal obligation or property interest. In contract law, a condition may be a prerequisite that must occur before a duty...