Good Title Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Good Title, written in plain English, along with examples of how it is used.
What is Good Title?
(n) Good Title the situation when a property is free from all encumbrances, lien, claim or other legal charges so that it can be transferred without any legal bondage. It is used to represent the clear title of the property in property transactions
History and Meaning of Good Title
Good title is a term used in real estate that refers to a legal claim to the ownership of a property, free and clear of any liens, claims, or other legal encumbrances. This means that the property can be transferred to a new owner without any legal issues or restrictions. The concept of good title has been an important part of property law for centuries, dating back to the Roman Empire.
In modern times, good title is typically established by a title search conducted by a title company or real estate attorney, who will review public records to ensure that the property is free from any claims or liens. If any issues are discovered, they must be resolved before the property can officially change hands.
Examples of Good Title
After conducting a title search, the attorney confirmed that the property had good title and was free from any liens or claims.
The real estate agent assured the buyer that the property had good title, and that they could proceed with the transaction without any concerns.
The title company discovered a lien on the property during the title search, but worked with the seller to resolve the issue and ensure that the property had good title.
Legal Terms Similar to Good Title
Marketable title: Similar to good title, marketable title refers to a situation where a property can be easily sold or transferred because there are no outstanding claims or liens.
Clear title: Another term used to describe a property with good title, as it is free from any legal issues or restrictions.
Cloud on title: The opposite of good title, a cloud on title refers to a claim or lien on a property that could prevent it from being transferred or sold.