1 / 5

What to look for in a title?

Aside from the name of the property owners, the title report also carries the exact description and specification of the property you are buying. It also gives you the limitations and allowances in the property such as liens, caveats, covenants, easements and mortgages.

artesiantitle
Télécharger la présentation

What to look for in a title?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHAT TO LOOK FOR IN A TITLE? Aside from the name of the property owners, the title report also carries the exact description and speci�cation of the property you are buying. It also gives you the limitations and allowances in the property such as liens, caveats, covenants, easements and mortgages. F L O R I D A T I T L E I N S U R A N C E

  2. LIENS In legal speak, lien is the term used to refer to the hold of a person on the property of another. The person who has a legal claim to that property has the right to sell or take the property as payment for a debt or other �nancial obligations. If a property has a lien to it, it cannot be brought up for sale.

  3. CAVEAT This is like a protection placed on a property by a person to serve as a warning to anyone who is interested in or wants to check the Certi�cate of Title of the property. If the property has a caveat to it, the Registrar of Titles will inform the person who requested a caveat to the property.

  4. COVENANTS Restrictions placed in a property are called covenants. Examples of covenants in a property are as simple as the prohibition of building a fence more than four feet in height to the more complex such as prohibition of sale to a certain group of people.

  5. An easement gives someone the right to use a speci�c portion of the property registered under your name to be used for a speci�c purpose. If you are the seller, be sure to disclose the easements that the property has. If you are the buyer, see to it that you have performed a title check to con�rm whether the seller disclosed all the easements in a property. EASEMENTS Sources: https://artesiantitle.com/ https://www.finder.com.au/

More Related