Springing Interest Law and Legal Definition

Springing interest refers to the expected right in a property arising on the occurrence of a specified future event. For example, transfer of ownership in a property when the transferee marries transferor’s daughter.

A month to month tenancy is a single, continuous tenancy with each successive period a springing interest arising upon the first contract, and parcel of it. [Amerada Hess Corp. v. Di Guilio, 53 A.D.2d 955 (N.Y. App. Div. 1976)].