Define: Free And Clear

Free And Clear
Free And Clear
Quick Summary of Free And Clear

A title that is free of liens and legal questions as to ownership of the property. A requirement for the sale of real estate. In general, a company that specialize in checking title claims for clients (a title company) will be hired to ensure that a title is clear when a sale of real estate is taking place. also called just title or good title or perfect title or clear title.

What is the dictionary definition of Free And Clear?
Dictionary Definition of Free And Clear
adj. referring to the ownership of real property upon which there is no lien, encumbrance, recorded judgment or the right of anyone to make a claim against the property. The term is used in contracts for sale of real property and deeds, to state that the title has no claim against it.
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This glossary post was last updated: 29th March 2024.

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