WEBcontingent remainder. A contingent remainder is a subtype of a remainder, or a future interest in the grantee. Contingent remainders can come in two forms: a remainder is created in an unknown person or a remainder that has a condition precedent to possession. It is a future estate with some uncertainty - either in the identity of the possessor ...
WEBThere are two types of remainders in property law: vested and contingent. A vested remainder is held by a specific person without any conditions ("conditions precedent"); a contingent remainder is one for which the holder has not been identified, or for which a condition precedent must be satisfied. (pp 1018–1019)
WEBThe second type of remainder is a contingent remainder, which means that some precedent condition in addition to the expiration of the prior estates must be fulfilled in order that the remainder may become possessory. In many instances the additional precedent condition will be the identification of the taker.
DA:9PA:23MOZ Rank:56
remainder (property law) | Wex - LII / Legal Information Institute
WEBA contingent remainder is one for which the holder has not been identified or for which a condition prior must be met. For example, A grants her brother B the property deed for life, and upon B's death, the land deed to C, B's son, or C's offspring if he does not live.
DA:88PA:69MOZ Rank:88
remainder subject to a condition precedent | Wex | US Law | LII / …
WEBRemainder subject to a condition precedent is also known as a contingent remainder. It refers to future interest in property that will pass to a person or entity only if certain circumstances exist at the time of the title-holder's death or …
WEBDec 19, 2023 · At common law, a contingent remainder was destroyed if the life estate ended before the remainder vested. Most states no longer follow this rule. Instead, the grantor of a contingent remainder is deemed to hold a reversion, which will transfer the property back to the grantor upon the life tenant’s death until the contingent remainder …
DA:30PA:1MOZ Rank:40
contingent remainder Definition, Meaning & Usage | Justia Legal …
WEBDefinition of "contingent remainder" A future claim to property that depends on the occurrence of certain events or conditions, or that is meant for an unidentified person or entity. How to use "contingent remainder" in a sentence. His will stated a contingent remainder on his assets based on his children's college graduation.
DA:55PA:81MOZ Rank:31
Property Videos: Vested and Contingent Remainders | Quimbee
WEBWelcome to our clip on vested and contingent remainders! The clip is broken up into two basic parts: First, we’ll go over some general rules that apply to remainders in every situation. Next, we’ll discuss vested remainders and contingent remainders in some depth, using examples to illustrate them. I. General Rules for Remainders.
DA:60PA:27MOZ Rank:82
Contingent Remainder Legal Meaning & Law Definition: Free Law …
WEBContingent Remainder Legal Meaning & Law Definition: Free Law Dictionary | Quimbee. Definition. An interest in property that will vest if a contingent event occurs and if that contingent event occurs, the right to possession will …
DA:83PA:15MOZ Rank:28
Contingent Remainder: Legal Definition | Bar Prep Hero
WEBWhat is Contingent Remainder? An interest in real estate property, which will go to a person or entity only upon the existence of a certain set of circumstances at the time the title-holder dies. It is a future property ownership right which depends upon the fulfillment of specific conditions.