Clear title

Clear title is a title to a property without lien of levy. If the owner is undisputed and no other party can claim to its ownership (e.g. bank, lender, former spouse). The clear title is important during transactions, as the buyer wants to be sure that the seller is allowed to sell the property.

Professional agents can check whether the title is clear. It cost some money, however reduces risk. In some countries agents are required to check this and are responsible for the results.

See also: absolute title.


At work.png

This is an article stub.
If you are able to help improve this article, please feel free to edit it.