Dictionary

springing executory interest en · NOUN

Meanings

1. An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantor's own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition.
   • Joe gives land "to Harry, if Harry graduates from law school". Harry has a springing executory interest because his graduation from law school directly divests Joe of ownership.

Forms

Relateds

fee simple subject to executory limitation · shifting executory interest · fee simple subject to executory interest · defeasible fee