A cloud on title refers to any matter appearing in the record of a title to real estate that appears to reflect the existence of an outstanding claim or encumbrance which, if valid, would defeat or impair the title. This could, however, be proven invalid by evidence outside the title record.
The term 'Owner of Record' refers to the person(s) or entity that is officially recognized as the owner of a property based on public records.
Ownership refers to the exclusive right of possessing, enjoying, and disposing of a thing. It encompasses both the concepts of possession and title, making it broader in scope than either.
A Quitclaim Deed is a legal instrument that conveys only the right, title, or interest that the grantor currently has in a property, without guaranteeing that the grantor actually has any specific title or interest in the property. The grantor, under a Quitclaim Deed, releases whatever interest they may have to the grantee.
Tenancy refers to the right of possession or occupancy of real property, either through lease or title. It encompasses various forms of holding property, including landlord-tenant relationships and co-ownership arrangements.
