absolute title


Also found in: Legal.

Clear Title

The title to a property where there are no competing claims, liens, or anything else that would hinder its transfer. That is, if a property has undisputed ownership, its owner is said to have clear title. An owner with clear title may sell the property without any legal difficulties. Generally speaking, a real estate broker researches a property to ensure that there are no competing claims. See also: Quitclaim deed, Title search.

absolute title

A title to real estate without any competing claims such as IRS liens, prior mortgages, leases, easements, or spousal claims. A lender will usually require either clear title in the borrower, or waivers by other parties, so the lender will have absolute title if it has to foreclose. Also called clear title.

References in periodicals archive ?
Previously only Omani natural persons could acquire absolute title to land in the Sultanate.
The reason that it is not absolute appears to be that the ground floor shop does not have an absolute title. Is there anything I can do about this*
(3) In Norman England, the doctrine of tenure was a social dynamic founded upon the concept of exchange: the King retained absolute title and control over all conquered land, but was able to issue a grant of specific parcels of land in return for a particular service or the receipt of goods.
In 1985 the Inuvialuit land settlement approved by government was described as "the first in Canada to include land ownership, both surface and subsurface, in fee simple absolute title, including the beds of water bodies.
Thompson did not suspend his absolute title and enjoyment of such property.
Sale through the bankruptcy process requires court approval which conveys absolute title. Normally the court will invite "higher and better" offers, which might discourage anyone from signing a sales.
If they can prove absolute title then their title will be equal to or better than the title the provincial crown claims to exert over the land.
from the interested owners builders having dear and absolute title for sae of their land .premises with approved building plans issued by local authority for use as office premises of Chapter of the Institute at Ludhiana.
This title will be open to challenge from the real owner of the land, but if no claim has been made to the land some 12 to 15 years later then this Possessory Title can be upgraded to Absolute Title - and yours to keep.
This title is often given where the freehold is unregistered or where the freehold is registered with a less than an absolute title.
After 12 years of holding Possessory Title of the land you can apply to have it upgraded to Absolute Title, which will make it yours permanently.
But most joint ventures, sales or takeovers will come into effect only after the absolute titles on property are cleared, the balance sheets are approved and the true value of the companies is agreed upon.