Simple English definitions for legal terms
Read a random definition: wildcard exemption
Intended to be recorded: This means that a document, like a deed, is not yet officially registered with a public registry, but it is still important because it helps show who owns a property. It's like a puzzle piece that fits into a bigger picture of ownership history.
Definition: This term refers to a legal document, such as a deed, that has not yet been filed with a public registry but is meant to be recorded. It is an important part of the chain of title, which is a sequence of documents that establish ownership of a property.
Example: John is selling his house to Jane. They have signed a purchase agreement, but the deed has not yet been recorded with the county clerk's office. The deed is intended to be recorded, which means that it will be filed with the public registry and become part of the chain of title.
Explanation: In this example, the deed is a legal document that transfers ownership of the property from John to Jane. However, until the deed is recorded with the county clerk's office, it is not considered a public record. Once the deed is recorded, it becomes part of the chain of title, which is a series of documents that establish ownership of the property. This is important because it ensures that there are no disputes over who owns the property.