Suspensive condition
A contract condition that must be fulfilled before the agreement becomes fully operative or enforceable in the agreed way.
Definition
In property sales, suspensive conditions often relate to bond approval, sale of another property, deposits, inspections, board or trustee approvals, or other events. The practical review should check the exact wording, fulfilment deadline, proof required, extension rules, waiver wording, communication records, and what happens if the condition is not fulfilled.
Key takeaways
A contract condition that must be fulfilled before the agreement becomes fully operative or enforceable in the agreed way.
Conveyancing
Book Conveyancer
Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Bond approval condition
Property sale condition
Missed fulfilment deadline
Related resources
Resources and guides
Property Transfer Checklist
Preparation checklist for buyers and sellers moving through property transfer.
ConveyancingChecklistProperty Buyer Cost Checklist
Prepare fee and scope questions for a conveyancing matter by separating consultation fees, fixed fees, hourly work, disbursements, official fees, exclusions, approval rules, and invoice controls.
ConveyancingFAQs
Suspensive condition FAQs
What does Suspensive condition mean?
A contract condition that must be fulfilled before the agreement becomes fully operative or enforceable in the agreed way.
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