property & real estate law

Contingent ownership refers to ownership that the owner can only enjoy if a certain condition occurs. 

A contingent remainder is a subtype of a remainder, or a future interest in the grantee.

Contingent trust is a trust that can only be created should certain conditions be met as stated in a person’s will. To set up a contingent trust, a person states in their will the specific conditions they wish to be met in order for the trust to be created, which assets should go into the trust, and who are the beneficiaries.

• trust

A contingent will is a will that takes effect only when a specific condition occurs.

Continuing trespass broadly can refer to any recurring infringement of another person’s rights. While sometimes trespass is used in this broad sense, continued trespass in the modern context generally refers to trespass onto the land or property of another repetitiously or without ever ceasing.

A contractual lien is a lien created by agreement between parties rather than arising from common law or

To convey is to make a transfer of a property interest to another individual by either sale or gift. This transaction is known as a conveyance. 

A conveyance is the transfer and assignment of any property right or interest from one individual or entity (the conveyor) to another (the conveyee). This is usually accomplished through a written instrument - most often a deed - that transfers title to, or creates a lien on property.

A conveyee is a person or entity to whom property is conveyed. See also conveyance.

[Last reviewed in June of 2021 by the Wex Definitions Team]

A cooperative, often called a co-op, is an association of members with a common profession, trade, or interest who work together to process, market, distribute, or provide goods and services.