What does land title mean

Where can I access a copy of my deed for my home? What is a property deed? A person may be the sole owner of a parcel of land. Alternatively, a person may be either a joint tenant or a tenant-in-common with one or more other persons.

Under joint tenancy, there is the right of survivorship.

Talk to a legal professional if you would like more information. See full list on ltsa. The address listed on title may or may not be the civic address of the property. The property can also be identified by its unique nine-digit PID. Therefore, you cannot use a civic address to perform a title search through myLTSA(link is external) or at the land title office front counters.

Civic address can be used to locate a parcel on ParcelMap BC which will then provide the legal description, PID and other information for a parcel. In addition to showing ownership information, a title shows legal interests or charges registered against the title. These charges, otherwise known as encumbrances, must be formally registered against the title by the LTSA.

Some common charge types are: 1. Statutory rights of way 3. Land titles are registered through a statutory process called the Torrens title system , in somewhat the same way that automobile titles. Equitable versus legal title. At common law equitable title is the right to obtain full ownership of property, where another maintains legal title to the property. Want to check if your land is titled?

You can apply for the certificate of title online. It is an official land ownership record. A Certificate of Title will tell you the current ownership details of the land , volume and folio, survey plan number and type, encumbrances and notifications, plus whether there is a caveat against the title.

Recording of Land Titles: A process by which proof of ownership of real property is filed in the appropriate county office or court to allow purchasers, creditors, and other interested parties to determine the status of the property interests therein. The process of recording begins when a duly execute acknowledge and delivered document is. Title is the legal way of saying you own a right to something. For real estate purposes, title refers to ownership of the property, meaning that you have the rights to use that property.

It may be a partial interest in the property or it may be the full. However, because you have title , you can access the land and potentially modify it as you. Prior Claim to the Title A title investigator looks for any claims to the title that may affect your purchase.

The search will include public records and other land records spanning many years. You might be surprised to learn that over one-third of all title searches uncover some kind of problem. There are a few scenarios ideal for a land lease.

Registration with title absolute is effectively a state guarantee of title. One example is when a landowner wants to retain ownership of the parcel of land but not develop it. Or perhaps someone took the land through adverse possession and there never was a clear transfer of ownership rights at the beginning.

In these instances, someone from the past could come back to take title of the property. Absolute title gives unequivocal right of ownership to the owner, and cannot be disputed or challenged. A land parcel is an individual piece of land for which a land title has been issued. Plan of consolidation (CP or PC) A plan that depicts the joining together of two or more abutting titles.

A company that checks the validity of a property’s title an if vali issues title insurance to that property. A title company makes sure that the title to a property is vali and free of liens and other problems. Once that has been verifie the title company then issues title insurance to that property.

The Mirror Principle means that the title to property will reflect completely and accurately all the current facts of the title. Generally speaking, a title will show the current owner and all outstanding registered interests in the land , such as mortgages, caveats, easements and builder’s liens. When property is registere the Land Registry produce a title plan of the property, based on the information contained in the original title deeds.

The title plan supports the property description in the title register, and identifies the general extent of the land in the registered title , which is usually shown with red edging.