Clear title refers to a legal term indicating that a property or asset is free from any outstanding claims, liens, or encumbrances that could affect ownership rights. It means that the owner has full and unencumbered ownership of the property and can transfer or sell it without any legal complications or disputes. A clear title is essential in real estate transactions to ensure that the buyer receives full ownership rights to the property being purchased.
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This glossary post was last updated: 29th March, 2024.
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