Webclear; unmortgaged ((especially of a title) free from any encumbrance or limitation that presents a question of fact or law) Antonym: encumbered (loaded to excess or impeded … WebApr 27, 2024 · A quiet title action is a lawsuit that is filed to establish ownership of a piece of property for which the title is not clear. The property includes the land itself, as well as any buildings that may be attached to that land. For example, a quiet title action is brought by a plaintiff who wants to obtain a court order that prevents another ...
Unencumbered - Definition, Explained, Examples, Vs Encumbered
WebDec 18, 2024 · An encumbrance is a claim made against a property by someone other than the current titleholder. Some claims do not affect the value of the property. This is usually … WebWhen a buyer of real property executes a purchase and sale agreement with a seller, the buyer acquires equitable title to the property. This means that they have the right to eventually obtain full legal ownership of the property, as long as they pay the purchase price. china merchant bank credit card
Clear Title legal definition of Clear Title
WebUnencumbered Properties means a Property that: (a) is one hundred percent (100%) fee owned by a member of the Consolidated Group or subject to a ground lease approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed); provided, that if such property is subject to a ground lease and the Unencumbered NOI related … WebAn agreement between the seller and the buyer for the purchase of real property. The purchase price is paid in installments over the period of the contract, with the balance due at maturity. When the buyer completes the required payments, the seller is obliged to deliver a deed to the buyer. Under the terms of the Contract for Deed, the buyer ... WebJul 9, 2024 · A title search is a key part of the due diligence process for a buyer of real estate or a used car to confirm that the asset is unencumbered or has outstanding liens. … grainger hobby knife