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Showing posts from July, 2023

Importance of chain of title

  The passing of title from the first owner to the present owner without any encumbrances is of utmost importance in Sale/Lease/Mortgage/Gift transactions. This process, often referred to as the chain of title, ensures that the current owner has a valid and clear ownership right to the property, unencumbered by any claims, liens, or other burdens. The chain of title refers to the chronological sequence of transfers of ownership rights from one party to another, starting with the original owner or grantor. It is typically established through a series of recorded documents, such as deeds, contracts, and court orders. Each document in the chain serves as evidence of the transfer of ownership and provides a link between the previous and current owners. A clear chain of title is crucial for several reasons. First and foremost, it provides certainty and security to the present owner. It assures them that they hold a legitimate and undisputed claim to the property. Without a clear cha...

Original (Mother) Title deed and its types

  Original (Mother) title deed and its types. The term "mother title deed" is not commonly used in the context of property ownership or legal terminology. However, based on the general understanding of the term, a "mother title deed" could refer to the original or primary title deed that establishes ownership of a larger piece of land or property. It is the original document from which subsequent subdivisions or transfers were made. In some cases, when a large piece of land or property is divided into smaller plots or parcels, individual title deeds are created for each subdivided portion. These individual title deeds would be derived from the "mother title deed" that represents the original ownership of the entire property before it was divided. Types of Title Deeds: 1.       Sale Deed: This is the most common type of title deed used in property transactions. It is a legally binding document that transfers ownership of the property from the seller...