Legal Titles
A legal title refers to the formal right to own, use, and transfer property or assets. It signifies that an individual or entity has the recognized authority over a specific item, such as real estate or personal property. Legal titles are essential in establishing ownership and can be documented through various means, including deeds or certificates.
In the context of real estate, a legal title is often evidenced by a deed, which outlines the transfer of ownership from one party to another. Proper documentation is crucial, as it helps prevent disputes and ensures that the rights of the owner are protected under the law.