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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Title


Synonyms:bill of sale, deed, legal document, property title
Filed Under: legal-contracts, real-estate
Tags: contract, legal, realty
 

Definition of title

title
1. Evidence or written proof that shows a person's right to possession or ownership of a property.

Related Terms and Acronyms:

  • bill of sale (BS)   A written document that serves as evidence of the transfer of title to personal property.
  • deed (D)   A document that provides title to property and is filed with a country recorder.
      ➥  Used to transfer ownership of assets, often land or automobiles.
  • insurable title   A title that can be insured.
  • land contract (LC)   An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made.
  • land title   The legal document conveying title to a property.
  • legal mortgage   The written geographical description of a property as described in the land register.
  • lis pendens   A legal document giving notice that an action or proceeding is pending in the courts which affects the title to the designated property.
  • property report   A legal disclosure that developers of timeshare properties are required to give to prospective buyers.
  • province of domicile   The province where an individual lives or intends to live permanently or for a long term, regardless of the individual's current location.
  • reconveyance   The transfer of title to the borrower after a mortgage has been paid fully.

More Related Terms and Acronyms

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