20:59
got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
recording
Read a random definition: controlling interest
A quick definition of recording:
Recording: The act of making a copy of a document about a piece of land and putting it in a public record. This helps keep track of who owns the land and if there are any debts or loans on it.
A more thorough explanation:
Definition: Recording is the process of officially filing a copy of a document related to real estate with the land records office in the county where the property is located. This creates a public record of changes in ownership and any liens on the property.
Example: When you buy a house, the deed is recorded with the county so that it is officially recognized that you are the new owner of the property. This protects your ownership rights and helps prevent any disputes over who owns the property.
Another example: If you take out a mortgage on your home, the lender will record a lien on the property. This means that if you don't make your mortgage payments, the lender has the right to take possession of the property to recover the money owed.
Recording is important because it creates a public record of ownership and any liens on the property. This helps ensure that property rights are protected and disputes can be resolved fairly.