Last Updated
:2025/11/24
executory interest
Noun
Japanese Meaning
(法)譲渡条件に基づき、不動産に設定された第三者の権利。具体的には、譲渡者が不動産を第二の当事者に与える際、特定の条件が生じた場合にその権利が第三者に移転するように定められた将来的な権益
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(law) A third-party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest.
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executory interest
The grantor conveyed the farmland to B but created an executory interest in favor of C that would cause the land to pass to C if B failed to cultivate it.
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The grantor conveyed the farmland to B but created an executory interest in favor of C that would cause the land to pass to C if B failed to cultivate it.
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