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Good title

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Default Good title

Good title is a concept in property law.

For a valid transaction to take place, the previous owner must have an indefeasible title to the property and must transfer it to the new owner. Proof of this may be difficult, since it involves proving a negative: first there must not be anyone with better title than the previous owner, and second the previous owner must not have already transferred title to anyone else. Possible solutions include land registration where the state certifies the quality of titles and claims to property, or (friendly) litigation after the transaction where a court rules on the quality of the transferred title.



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Contributors: top_admin
Created by wld_wiki, May 14th, 2008 at 05:09 AM
Last edited by top_admin, May 21st, 2008 at 07:13 AM
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