abstract of title

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Abstract of Title

In real estate, a brief history of the ownership of a piece of property. That is, the abstract of title has a summary of all the previous owners and dates of sale. It also lists any potential, conflicting claims to the property. See also: Clear title.

abstract of title

Synopsis of all prior owners and important claimants to property, with the date and origin of their rights and date and manner of termination, together with all current owners, lienholders, easements, or other such claims against the property.

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In 2010, certain nontaxable services were reclassified as taxable information services, causing land title abstracts, risk management analysis reports, and sales of public documents (if sold by private entities) to be subject to sales tax as well.

Sales taxation of services: a look at New York, New Jersey, and Florida

1, 2010 that sales tax will be collected on the delivery of certain title abstracts and document searches, such as good standing certificates, related lien searches and zoning lot certifications.

The price of doing real estate business just went up--again

In his description of title abstracts, for example, Bakken quotes a letter from the Montana lawyer Cornelius Nolan to a client who hoped to secure rights to minerals in a few particular locations.