Silverdale WA Real Estate •• Bremerton WA Real Estate •• Poulsbo WA Real Estate •• Port Orchard WA Real Estate
- Real Estate Term: Condition Subsequent
Definition:A fee simple estate, may be qualified by a condition subsequent. This means that the new owner must not perform some action or activity. The former owner retains a right of reentry so that if the condition is broken, the former owner can retake possession of the property through legal action. Conditions in a deed are different from restrictions or covenants because of the grantor's right to reclaim ownership, a right that does not exist under private restrictions. (See fee simple, restrictive covenant).