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title - 3 reference results
title, in law, the means by which the owner has just and legal possession of his or her property. It is distinct from the document (e.g., a deed) that is evidence of the title. Title can be lost or acquired only by the methods established by law, that is, by inheritance or by purchase. Several persons may have different titles to the same property. While one holds a legal title (a claim to the land that is recognized by a court), another may hold an equitable title (the right to have the legal title transferred to him if certain conditions are met). This occurs if there is a mortgage on the land. If a person holds land free of all encumbrances he may claim to have perfect title. When property is purchased, a title search is made to make certain that the seller is the legitimate owner of the title he is selling; the resulting document is an abstract of title.
abstract of title, in law, brief history of the title to a piece of land. An account is given of recorded documents, court proceedings, wills, mortgages, taxes, previous sales, easements, and all other factors that at any time affected the ownership or use of the land. The old rule in England required that an abstract of title should cover the 60 years before the proposed sale. In 1874 this was changed to 40 years. In some U.S. states the title is traced back to the original grant from the government, but in others it is traced only so far back as is necessary to show a present clear title.
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