Misrepresentation
Definition of "Misrepresentation"
Intentionally misstated or undisclosed facts, statements or representations. Misrepresentation is a form of fraud which could lead to cancellation of a contract or other liability. For example, an individual selling a home misrepresents the fact that the home is infested with termites. Upon discovering the true situation, the new homeowner wins a court settlement for the costs of repairing the damages.
Popular Real Estate Terms
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Total expenditure to modernize a building to meet the owner's or tenant's needs. ...
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