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Simple English definitions for legal terms
recordation
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A quick definition of recordation:
Recordation: The act of officially recording a legal document, like a deed or mortgage, in a public registry. This helps to protect a person's ownership or interest in a property against future buyers or mortgage lenders. However, the level of protection depends on the specific laws in place for recording acts.
A more thorough explanation:
Definition: Recordation is the process of officially recording a legal document, such as a deed or mortgage, in a public registry. This process helps to establish a person's legal interest in a property and protects them from future disputes.
For example, when someone buys a house, they will typically record the deed with the county recorder's office. This recordation serves as proof of ownership and protects the buyer's interest in the property.
Recordation is important because it helps to establish a clear chain of title for a property. This means that anyone who wants to buy or sell the property in the future can easily determine who has legal ownership and any existing liens or encumbrances on the property.