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AromaticTroubledDormouse
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Simple English definitions for legal terms
title deed
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A quick definition of title deed:
A title deed is a written document that shows who owns a piece of land or property. It's like a special paper that proves you are the owner. It's important to have a title deed because it protects your ownership rights. If you want to sell your property, you need to give the title deed to the new owner so they can become the new owner.A more thorough explanation:
Definition: A legal document that proves ownership of a property or land. It is a written instrument that is signed, sealed, and delivered and that conveys some interest in property.
Examples:
- An absolute deed that conveys title without condition or encumbrance.
- A grant deed that contains, or has implied by law, some but not all of the usual covenants of title.
- A mortgage deed that creates a mortgage and conveys title to real property to a trustee as security until the grantor repays a loan.
Explanation: A title deed is a legal document that proves ownership of a property or land. It is a written instrument that is signed, sealed, and delivered and that conveys some interest in property. For example, an absolute deed conveys title without any conditions or encumbrances, while a grant deed contains some but not all of the usual covenants of title. A mortgage deed creates a mortgage and conveys title to real property to a trustee as security until the grantor repays a loan. These examples illustrate how a title deed is used to transfer ownership of a property or land and protect the rights of the owner.