What Is a Correction Deed?

By Justin T. Rush
Correction deeds clarify and negate previous agreements.

signing a contract image by William Berry from Fotolia.com

The construction of legal documents can be a cumbersome thing, and can render numerous mistakes. When a mutual mistake occurs between the contracting parties concerning a deed agreement, a correction may be made to rectify the mistake.

Definition

A correction deed is somewhat self-explanatory: it is a deed that serves to correct and negate a mistake made between parties that have contracted an original deed agreement. The mistake can encompass minor terms of the agreement such as the misspelling of a name, or major terms such as the price of the land. In any situation, if both parties decide a correction is needed, then a simple correction deed should be constructed.

Most Common Errors

The most common type of error within a deed which subsequently renders a correction deed necessary is an inaccuracy concerning the description of the property being conveyed. For example, a miscalculation in the acreage of the land being conveyed would necessitate a correction deed that would need to be signed by the grantor and the grantee once discovered.

What's Not Covered

It must be noted that correction deeds are not sufficient when the contracting parties want to add or change an element to the existing agreement. In such a case, a new contract should be constructed. Correction deeds simply change one specific element of a contract, while leaving the other pieces of the puzzle intact.

About the Author

Justin Rush is currently a first-year law school student who has always had an interest in writing. As an undergrad he was and English literature major with a minor in journalism and psychology, and helped hone his skills as a writer as an intern within the University Foundation.

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