Title

(redirected from Legal Title)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to Legal Title: equitable title

Title

1. The right of ownership over a piece of tangible or intangible property. In countries and economic systems recognizing private ownership, title represents a recognition by government and society that a person or organization owns something.

2. A certificate acknowledging title. See also: Stockholder of record.

Title.

A title is a legal document proving ownership of a piece of property.

If you are buying real estate you authorize a title search, or examination of property records, to insure that the seller holds the title and has the right to transfer it.

In most cases, if you're taking a mortgage to buy the property, the lender will require you to arrange title insurance to protect its interest until the full amount of the loan has been repaid. You may also arrange for your own title insurance to protect you from losing your property if your ownership is successfully contested.

title

(1) All the elements that create the highest legal right to own,possess,use,control,enjoy,and dispose of real property or an inheritable right or interest in it.(2) The rights of ownership recognized and protected by the law.

References in periodicals archive ?
Consequently, if X has validly transferred legal title to the defendant, although the transfer is void in equity, the defendant who is a bona fide purchaser for value without notice will take free of the claimant's equitable interest.
Caution: If, under the MLT agreement, B holds legal title to any assets besides Greenacre, or is permitted/required to engage in any activity beyond holding legal title to Greenacre, Rev.
So, rather than being a way of taking land away from the owner, the adverse possession law protects the present owner's title or possession, even against someone with "better" legal title, like the great-grandson and heir, who appeared 100 years later with an authentic written deed.
"The only way that Wheatfield can get legal title to the house is for us to get the seller a full and complete release from any liability.
Under this structure the lease between the Islamic financial institution and the customer ends with the legal title in the leased asset passing to the lessee.
Ritter challenges the popular view that the sedate and regular negotiations and agreements between Australian Aboriginal people and resource companies lead to economic and social benefits for the people who hold legal title to land.
The owner also receives a guaranteed legal title, an accurate plan and up-to-date and authoritative record of ownership rights.
According to the Indigenous leader, the land used to be theirs and was taken by a private citizen who now has a legal title to the land.
The state supreme court first held that the municipal exemption depends upon the status of the property's true, beneficial owner, not upon the holder of legal title. After reviewing the parties' agreement, the court emphasized several indicia of ownership: the 50-year lease permitted MRMC to engage in long-term planning for its affiliates' childcare needs; MRMC enjoyed exclusive occupancy for the entire lease term; MRMC held legal title to the most valuable part of the property, the daycare facility; the County currently received neither valuable rent nor any portion of the facility's substantial revenue; and the County had no control over the facility's daily operation.
Earlier on, while still in school, Paindiris' professional experience included acting as a Legal Title Examiner at JNP Associates and as an intern in the advertising department of ARTnews Magazine.
A A RESTRICTION on the sort that you mention indicates that the owners of the properties share the legal title as tenants in common, and not joint tenants.