Constructive Notice

Constructive Notice
Constructive notice is a legal concept that presumes an individual has been given notice of a property or legal matter as a result of the information being publicly available or recorded, even if the individual has not been personally informed.
Legal Notice
A legal notice is a formal notification to an individual or entity regarding their legal obligations, rights, or duties as required by law. This communication method ensures that the recipient is aware of and can respond to legal matters in a timely manner.
Public Record
A repository for official documents and records that are maintained by governmental entities.
Recording
Recording refers to the act of entering a transaction in a book of public records, particularly those affecting the title to real property. This process gives public notice of the facts recorded.
Registry of Deeds
The Registry of Deeds is an officially maintained book that provides a place and mechanism for registering evidences of conveyances of interests in real property, so that constructive notice may be available to all third parties that there has been a change in the ownership of property effected by a conveyance of that property.

Accounting Terms Lexicon

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