Condition Subsequent: 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 grantors right to reclaim ownership, a right that does not exist under private restrictions.

 

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Condition Subsequent: 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 i . . . View Full Definition

Fee Simple Subject To A Condition Subsequent: A fee simple subject to a condition subsequent is an estate conveyed provided that, on the condition that or if it is used for a specific purpose. If it is no longer used for that purpose, i . . . View Full Definition

Overspeed Condition: A condition of the propeller operating system in which the propeller is operating above the RPM for which the governor control is set. This causes the propeller blades to be in a lower angle . . . View Full Definition

Pre-Existing Condition: In group health insurance, generally a condition for which an individual received medical care during the three months immediately prior to the effective date of coverage.