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Definition: Reconversion is the process of undoing a previous conversion of property, which means changing it from one form to another. For example, if personal property was changed into real property, reconversion would change it back to personal property. This is also known as equitable conversion.
Examples:
These examples illustrate how reconversion works by reversing a previous conversion of property. In the first example, the property is converted from real property to personal property (the right to possess the property), and then back to real property (legal ownership). In the second example, the property is converted from a single-family home to a condominium, and then back to a single-family home.