What does conversion refer to in real estate?

The term "conversion" in real estate refers specifically to the wrongful appropriation of someone else's property for one's own use. In this context, it indicates the act of taking personal property that does not belong to the individual and using it as if it were their own. This is why "conversion" is closely associated with the legal concept of theft or misappropriation of property.

Understanding this concept is crucial in real estate transactions, as it highlights the importance of ownership rights and the legal implications associated with property. When dealing with properties, whether residential or commercial, professionals must ensure that all transactions adhere to legal ownership and usage rights to avoid any claims of conversion. Recognizing this definition and its implications helps safeguard against potential legal disputes in real estate activities.