Definition of "Reformation"

Renee McElrath real estate agent
Renee McElrath, Real Estate Agent NextHome Captial City Realty

Correcting a mutual error in the original contract that did not property portray the intent of both parties. However, if only one party is at fault, reformation does not apply unless the person's error was due to the other party's fraud.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions