Real Estate Term
Title
Legal ownership of a property.
What is Title?
Title is the legal right to own and use a property, and holding clear title means your ownership is undisputed and free of unresolved claims. At closing, title transfers from seller to buyer and is recorded in the public land registry. Any defects in title — such as liens or errors — must be resolved before or covered at closing.
Frequently asked questions
Related terms
Title SearchAn examination of public records to confirm a property's legal ownership and identify any claims.Title InsuranceInsurance that protects against losses from defects in title or ownership.DeedA legal document that transfers ownership of real property from one party to another.ClosingThe final step in a real estate transaction where ownership transfers from seller to buyer.
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