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Contingent Interest in United Kingdom

Definition of Contingent Interest

In accordance with the work A Dictionary of Law, this is a description of Contingent Interest : An interest that can only come into being upon the occurrence of a specified event (for example when A conveys land to B provided he marries). As a contingent interest can only come into being in the future, if at all, it cannot exist as a legal estate in land. Before 1997, such a transaction created a settlement to which the Settled Land Act 1925 applied. From 1997, such a transaction gives rise to a *trust of land under the Trusts of Land and Appointment of Trustees Act 1996. Contingent interests are consequently *equitable interests only.

Compare conditional interest; determinable interest.

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(2015, 06). Contingent Interest lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/contingent-interest/

06 2015. 06 2021 <https://lawi.org.uk/contingent-interest/>

"Contingent Interest" lawi.org.uk. lawi.org.uk, 06 2015. Web. 06 2021. <https://lawi.org.uk/contingent-interest/>

"Contingent Interest" lawi.org.uk. 06, 2015. Accesed 06 2021. https://lawi.org.uk/contingent-interest/

Agostino Von Hassell, 'Contingent Interest' (lawi.org.uk 2015) <https://lawi.org.uk/contingent-interest/> accesed 2021 June 16

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Schema Summary

  • Article Name: Contingent Interest
  • Author: Agostino Von Hassell
  • Description: Definition of Contingent Interest In accordance with the work A Dictionary of Law, this is a description of Contingent [...]

This entry was last updated: June 28, 2015


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