Legal Title
Legal title refers to the formal ownership of property, which grants the holder the right to control, use, and transfer that property. It is recognized by law and is often documented through legal instruments such as deeds or titles. The person or entity holding the legal title is considered the rightful owner and has the authority to make decisions regarding the property.
In real estate, having legal title means that the owner can sell, lease, or mortgage the property. It is distinct from equitable title, which may give someone a claim to the property without formal ownership. Legal title ensures that ownership rights are protected under the law.