13:36
i just want a cornell ii :(
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Simple English definitions for legal terms
right of entry for condition broken
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A quick definition of right of entry for condition broken:
Right of Entry for Condition Broken: This is a legal term that means if someone breaks a promise or condition in a contract, the person who made the contract has the right to take back what they gave. For example, if someone sells a house but says the buyer can only use it for residential purposes, and the buyer turns it into a business, the seller can take back the house. This is called the right of entry for condition broken or power of termination. It's like a safety net for the person who made the contract, so they can make sure the other person follows the rules.
A more thorough explanation:
The right of entry for condition broken, also known as power of termination, is a future interest that a grantor retains after conveying a fee simple subject to a condition subsequent. This means that the grantee's estate will only terminate if the grantor exercises the right to retake it, which can happen if the condition is breached.
For example, if a landowner grants a lease to a tenant with the condition that the tenant must not use the property for commercial purposes, the landowner may retain the right of entry for condition broken. If the tenant violates the condition by using the property for commercial purposes, the landowner can exercise their right to terminate the lease and retake possession of the property.
This right is also known as the right of reentry, right of entry for breach of condition, or right of entry for condition broken. It is different from the possibility of reverter, which is a future interest that a grantor retains after conveying a fee simple determinable.
right of entry for breach of condition | right of exoneration