Simple English definitions for legal terms
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Evidence of title is proof that shows who owns a piece of land. It is important to have evidence of title when buying or selling land. There are four types of evidence of title: abstract and opinion, certificate of title, title insurance, and Torrens certificate. The type of evidence of title used depends on the local custom and where the land is located.
Definition: Evidence of title refers to the means by which the ownership of land is satisfactorily demonstrated within a given jurisdiction. It is a legal proof that shows who owns a piece of land or property.
There are different types of evidence of title:
The type of evidence of title used depends on the local custom and the type of property being bought or sold. For example, in urban areas, title insurance is commonly used, while in rural areas, the abstract and opinion method is more common.
For instance, if John wants to buy a house, he needs to make sure that the seller has a clear title to the property. John can hire a lawyer to do a title search and provide an abstract and opinion on the property. The lawyer will review all the documents related to the property and provide an opinion on whether the title is clear or not. If the title is not clear, John may decide not to buy the property or negotiate with the seller to clear any defects in the title.