The Chain of Title is a chronological history of all conveyances and encumbrances affecting a land title.
Examination of Title is a crucial step in the process of buying and selling real estate. It involves investigating the ownership history and any encumbrances related to a specific property to ensure clear and marketable title.
A title search is an investigation of documents in the public record office to determine the state of a title, including all liens, encumbrances, mortgages, future interests, and so on, affecting the property; it is the means by which a chain of title is ascertained.
A Torrens Registration System is an organized method of land registration where a government registrar certifies the title's condition, making it easier to ascertain ownership and any encumbrances without extensive title searches.
Transaction costs are the expenses incurred during the process of buying or selling investments. They are critical to consider as they can significantly impact the net gains from transactions.
