Definition of Absolute title:
Guaranteed title to the ownership of a property or lease.
Best type of property title that can be acquired by a registered proprietor under the registered land system prevalent in most countries. Absolute title is free from any attachment, judgment, or lien, and is accepted as a sole document of title required for selling the property or obtaining a mortgage. Also called perfect title.
An absolute title, also known as a perfect title, to a property is free of any encumbrances or deficiencies. An absolute title gives an unequivocal right of ownership to the owner, and cannot be disputed or challenged by anyone else. This is opposed to titles with liens, attachments, or judgments against them. Holders of absolute titles are the full owners of the property.
A title search will usually unearth any problems with regard to the title of a property. The search is well worth the cost when someone is considering buying real estate. A title search is usually conducted at the local registry office.
How to use Absolute title in a sentence?
- An absolute title is a property title that gives an unequivocal right of ownership to the owner, and any buyers that the property is sold to.
- Absolute titles have no liens, attachments, or encumbrances to it.
- The holder of the absolute title is free to sell the property at his or her discretion.
- In 1985 the Inuvialuit land settlement approved by government was described as ‘the first in Canada to include land ownership, both surface and subsurface, in fee simple absolute title, including the beds of water bodies.’.
Meaning of Absolute title & Absolute title Definition