Reconveyance Legal Meaning and Definition

Here is a simplified definition of the legal term Reconveyance.

Reconveyance (noun)

Reconveyance means the act of transferring back property rights, typically related to real estate, from a 'trustee' (someone who holds a title on behalf of another person) or 'mortgagee' (lender) to the 'trustor' (original property owner) or 'mortgagor' (borrower). This process usually happens when the trustor fulfills specific conditions or the mortgagor pays off their mortgage.