Term Tuesday: Title

Title itself refers to a distinct form of possession, although that does not always prove ownership. In real estate, Title is used to describe a formal document that serves as proof of ownership to real property. The most common rights in holding title on a piece of property are but not limited to; exclusive possession, exclusive use, conveyance and acquisition. 


Title is also a legal term used to describe a bundle of rights to a real property in which a party may have equitable interest or legal interest. Equitable interest in title of real property refers to actual possession of the property whereas legal interest in title of real property implies actual ownership. In many cases possession and Title can be transferred independently from each other.