Good title refers to legal ownership of property that is free from defects or encumbrances that could jeopardise the owner’s right to possess, use, or transfer the property. A person with good title has lawful and undisputed ownership of the property and can assert their rights against any challenges from others. Good title typically implies that the property has been acquired through legal means, with all necessary documentation and formalities completed, and that there are no outstanding claims, liens, or other issues that could affect its ownership or value. It provides assurance to buyers, lenders, and other parties involved in real estate transactions that they are dealing with a legitimate and unencumbered asset.
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This glossary post was last updated: 29th March, 2024.
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