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contracts. The terms upon which the vendor of property by auction pro poses to sell it; the instrument containing these terms, when reduced to writing or printing, is also called the conditions of sale. 2. It is always prudent and advisable that the conditions of sale should be printed and exposed in the auction room; when so done, they are binding of both parties, and nothing … [Read more...] about CONDITIONS OF SALE

Agreeing to accept something provided that a condition is met. … [Read more...] about CONDITIONAL ACCEPTANCE

In the civil law. Co-ownerships or limited ownerships, such as emphyteusis, superficies, pignus, hypotheca, ususfructus, usus, and habitatio. These were more than mere jura in re aliend, being portion of the dominium itself, although they are commonly distinguished from the dominium strictly so called. Brown. … [Read more...] about CONDOMINIA

A gift or bequest that Is made pursuant to a specified condition being fulfilled. Concerning a will, a gift or bequest that will be made only if a condition stated in the will is satisfied, e.g. I will give my home to my son John if he has a wife and a child or children at the time of my death. … [Read more...] about CONDITIONAL BEQUEST

Real property consisting of several individual units and where an owner has title to an individual unit with shared ownership of common areas (lobby, roof, parking, elevator). Typically the common areas are managed by a homeowners' association and makes sure that maintenance is collected and that the covenants, conditions and restrictions are adhered to by owners. … [Read more...] about CONDOMINIUM