What is an affidavit of ownership?


Quick Answer

An affidavit of ownership declares a recipient the valid owner of the piece of property stated in the affidavit. It is used in addition to deeds and titles, according to Rocket Lawyer.

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Full Answer

An affidavit of ownership can be used to prove ownership of land, property and vehicles to a lender, such as a bank. These forms explain the details of the ownership, such as whether it came about through purchase or through inheritance. Some states also require a certificate of title or a real property deed attached to an affidavit of ownership. Affidavits of ownership are also known as ownership affidavits.

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