All You Need To Know About Land Titles

Posted by Olivier Thomas on November 25th, 2020

Land title in AB is a document that determines the ownership of land or an in movable property. A title is the legal right to use or modify the property how you want them to be, or transfer interest or portion that you own to others via a deed. A title is very important in real estate. Land Title in Ab is a legal way of saying that you own the Right to the land.

For example – If you have a land title in AB then you have the legal rights, ownership control and responsibility over that land. Titles can be held by individuals or by two or more people. An example of this will be titles can be held by partnerships, organizations, corporations, and trust where all parties would share these “title rights” of ownership and responsibility.

Difference Between A Title And A Deed

Lot of people get confused between these two terms because these two terms are very closely connected. Understanding these two terms will help you better navigate the land buying process. The main differences between these two terms are -

• Deed is the physical legal document whereas title is the name that describes a person’s legal position regarding something. Basically, in simple words we can say that title is a term for saying you have ownership rights over something, whereas deed is the official legal document

• Deeds are official return documents, and are required to be recorded in a courthouse whereas title is not a document on file in public records in short, we can say that deed is something you can hold in your hands, whereas title is just a term for the person who owns the property

• A deed represents the right of the owner to claim the property whereas title hit describes who the ultimate holder of the property is.

Land Title Search

Land title search in AB is the process of retrieving documents evidencing events in the history of a piece of real property. Title searches are conducted on the names and addresses of property owners to uncover documents in the public record that may affect buyers and lenders right to the title. A land title search in AB is an important part in the process of buying property.

In order to process the land title search in AB, legal description is always required. The legal description may be obtained from a tax notice, purchase agreement, or directly from the respective municipality.

Speedy search is Canada’s leading public information supplier. They provide direct access to land titles, vehicle lines and corporate searches. It is the number one title search company in Canada providing fast affordable title searches across Canada You can order online and the result will be in a minute.

Olivier Thomas is the author of this article. To know more about Business Name Search in BC. Please visit our website: speedysearch.ca