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LSDefine
Simple English definitions for legal terms
common assurance
Read a random definition: Commodity Credit Corporation
A quick definition of common assurance:
Common Assurance: This is a legal term that refers to documents that prove who owns a piece of property. These documents can include things like deeds or court judgments. They are important because they help establish a clear chain of ownership for a property.
A more thorough explanation:
Common assurance refers to documentary evidence of ownership of a property, such as a deed or a judgment. It is also known as muniment of title.
For example, if a person wants to prove their ownership of a property, they can provide a deed as common assurance. This document serves as evidence of their legal right to the property.
Another example is a judgment that confirms ownership of a property. This judgment can also serve as common assurance and can be used to prove ownership.
Overall, common assurance is important in establishing ownership of a property and providing legal evidence of ownership.