20:59
got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
line of title
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A quick definition of line of title:
Line of title refers to a part of the chain of title, which is a list of all the people who have owned a piece of property over time. The line of title specifically shows the current owner of the property and any previous owners who have transferred ownership to the current owner. It is important to have a clear and complete chain of title when buying or selling property to ensure that there are no disputes over ownership.
A more thorough explanation:
Definition: A line of title is a legal term that refers to the ownership history of a property. It is a part of the chain of title, which is a record of all the transfers of ownership of a property from the original owner to the current owner.
Example: If John owns a property and sells it to Jane, the line of title would show that John was the original owner and Jane is the current owner. If Jane later sells the property to Tom, the line of title would show that John was the original owner, Jane was the second owner, and Tom is the current owner.
The example illustrates how the line of title shows the ownership history of a property and how it is updated with each transfer of ownership.