Equitable conversion is a doctrine of the law of real property under which a purchaser of real property becomes the equitable owner of title to the property at the time he/she signs a contract binding him/her to purchase the land at a later date. The seller retains legal title of the property prior to the date of conveyance, but this land interest is considered personal property (a right to the payment of money, rather than a right to the property ). The risk of loss is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has failed to protect it. Such issues can and should be avoided by parties by stipulating in the contract who will bear the loss in such occurrences. The above rule varies by jurisdiction, but is the general rule.
17-474: (Redirected from Convert ) [REDACTED] Look up conversion or convert in Wiktionary, the free dictionary. Conversion or convert may refer to: Arts, entertainment, and media [ edit ] The Convert , a 2023 film produced by Jump Film & Television and Brouhaha Entertainment "Conversion" ( Doctor Who audio) , an episode of
34-456: A form of religious conversion Forced conversion , forced adoption of a new religious identity Marital conversion , a form of religious conversion Secondary conversion , a form of religious conversion Psychology of religious conversion , psychological aspect of religious conversion Conversion to Buddhism , religious conversion to Buddhism Conversion to Christianity , religious conversion to Christianity Conversion of Paul
51-469: A performance which has been measured in one system of measurements would have been if it had been measured in the other system Try#Conversion , in rugby, a kick at goal to convert a try into a larger set of points Other uses [ edit ] Conversion (barn) , conversion of old farming barns to commercial or residential use Conversion (logic) , reversing the two parts of a categorical or implicational statement Conversion (word formation) ,
68-524: Is different from Wikidata All article disambiguation pages All disambiguation pages conversion Too Many Requests If you report this error to the Wikimedia System Administrators, please include the details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 760661853 Upstream caches: cp1108 int Error: 429, Too Many Requests at Fri, 29 Nov 2024 05:34:21 GMT Equitable conversion If one of
85-420: Is treated as personal property Psychiatry [ edit ] Conversion disorder , a condition in which neurological symptoms arise without a definable organic cause Conversion therapy , a pseudo-scientific treatment to turn a homo- or bisexual person into a heterosexual person Religion [ edit ] Religious conversion , the adoption of a new religious identity Deathbed conversion ,
102-877: The Apostle , personal conversion of Paul of Tarsus Conversion of Constantine , personal conversion of emperor Constantine Conversion to Catholicism , religious conversion to the Catholicism Conversion of non-Christian places of worship into churches , conversion into churches Conversion to Hinduism , religious conversion to Hinduism Conversion to Islam , religious conversion to Islam Safavid conversion of Iran to Shia Islam , conversion within Islam in Iran Conversion of non-Islamic places of worship into mosques , conversion into mosques Conversion to Judaism , religious conversion to Judaism Conversion of
119-589: The Jews , religious conversion of the Jewish people History of Jewish conversion to Christianity , conversion of the Jews to Christianity Sports [ edit ] Conversion (gridiron football) , in American or Canadian football an opportunity to score an additional point following a touchdown Two-point conversion , a gridiron football conversion to score two points Track and field athletics , an estimate of what
136-417: The audio drama Cyberman "Conversion" ( Stargate Atlantis ) , an episode of the television series Stargate Atlantis "The Conversion" ( The Outer Limits ) , a 1995 episode of the television series The Outer Limits " Chapter 19: The Convert ", an episode of the television series The Mandalorian Business and marketing [ edit ] Conversion funnel , the path a consumer takes through
153-461: The creation of a word from an existing word without any change in form Conversion of CBD to THC Miniature conversion , altering the appearance of a miniature or model from the standard version See also [ edit ] Converter (disambiguation) Template:Convert is a template for converting units within Misplaced Pages articles Translation (disambiguation) Topics referred to by
170-491: The data type of a value into another data type Other sciences [ edit ] Conversion (chemistry) , the ratio of selectivity to yield or the change of a molecule Electric vehicle conversion , modification of a conventional vehicle to battery electric Energy conversion , the process of changing one form of energy to another Internal conversion , a radioactive decay process Economics, finance, and property law [ edit ] Conversion (exchange) ,
187-575: The form of continuation-passing Code conversion , in telecommunication, converting from one code to another convert (command) , a command-line utility in the Windows NT operating system Convert, a command-line (graphics) image manipulation utility that is part of ImageMagick Data conversion , conversion of computer data from one format to another Transcoding , analog-to-analog or digital-to-digital conversion of one video encoding to another Type conversion , in computer science, changing
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#1732858461018204-410: The parties dies after the contract for sale of the property has been executed, the doctrine will govern how that party's interest will pass to his heirs. For example, the seller wills his real property to his son, and his personal property to his daughter. If the seller dies after a contract for conveyance is signed by a buyer, the seller's interest in the land will be treated as personal property, and
221-410: The proceeds of the sale will pass to his daughter. In most jurisdictions, the real property interest created by the contract will pass to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate. The State of New York does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss remains on
238-438: The rate at which one currency will be exchanged for another Conversion (law) , a voluntary act by one person inconsistent with the ownership rights of another Conversion (options) , an options-trading strategy in options arbitrage Economic conversion , a technical, economic and political process for moving from military to civilian markets Equitable conversion , a change in the nature of property so that real property
255-417: The same term [REDACTED] This disambiguation page lists articles associated with the title Conversion . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Conversion&oldid=1257106603 " Category : Disambiguation pages Hidden categories: Short description
272-467: The seller until the buyer takes title or possession. A growing minority of States have adopted the Uniform Vendor and Purchaser Risk Act (UVPRA) in one form or another. The UVPRA bases the legal consequences of no-fault casualty loss on the right of possession of the property at the time the loss occurs. See Brush Grocery Kart v. Sure Fine Market, 47 P. 3d 680 (Colo. 2002). Generally, the provisions of
289-510: The web toward or near a desired action or conversion Conversion marketing , when a website's visitors take a desired action Converting timber to commercial lumber Computing, science, and technology [ edit ] Conversion of units , conversion between different units of measurement Computing and telecommunication [ edit ] CHS conversion of data storage, mapping cylinder/head/sector tuples to linear base address CPS conversion , in computer science, changing
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