A method of acquiring legal title to land through actual, continuous, open occupancy of the property for a prescribed period, under claim of right, opposed to the rights of the true owner.
An equitable owner is the beneficiary of property held in trust, enjoying the benefits of ownership without holding legal title.
Equitable title represents the interest held by a prospective buyer who has agreed to purchase a property but has not yet completed the transaction.
In commercial and property law, 'holding' refers to property to which one has legal title and of which one is in possession. The term may also refer to the ownership of stocks or shares in corporations.
An insurable title is a title to real estate that a title insurance company agrees to insure, signifying it is free from significant defects that could result in financial losses to the owner or lender.
A collection of rights of ownership that are defined or recognized by law or that could be successfully defended in a court of law.
An owner is an individual or entity that holds legal title to property, encompassing ownership, dominion, or vested title of said property.
In legal terms, 'title' refers to the composite of facts that will permit an individual or entity to recover or retain possession of a thing, primarily related to property law.
A Title-Theory State is one in which the law splits the title to mortgaged property into legal title held by the lender and equitable title held by the borrower. The borrower gains full title to the property upon retiring the mortgage debt. In a title-theory state, mortgage lenders may possess the property upon default of the borrower.
A trustee is an individual or company holding legal title to property for the benefit of one or more beneficiaries, ensuring the property is managed in accordance with the terms of the trust.
