What does it mean to be on title?
Title is the legal way of saying you own a right to something. For real estate purposes, title refers to ownership of the property, meaning that you have the rights to use that property. It may be a partial interest in the property or it may be the full.
What happens if you can’t find the deeds to your house?
The title number can be used to obtain copies of the evidence of legal title and other documents from the Land Registry (for a small fee). So, if the property is registered at the Land Registry it does not matter if you cannot find any paper deeds or documents.
Do Solicitors Keep copies of deeds?
The Conveyancing Committee notes that it is usual practice for purchasers’ solicitors to retain a copy of the requisitions on title and replies with the title deeds to a property, following completion of a transaction, and lodge them with the lending institution in a certificate-of-title case.
Where should house deeds be kept?
With the NSW land title sale, it’s best to be safe. Most Title deeds in all states and Strata Titles are now kept on Computers removing the old paper copy of deeds. This makes it harder for people to fall prey to scams and such and selling their property without any real consent.
Is the title register the same as deeds?
Title deeds / Title register are the same thing, although the plan and register will summarise the old paper deeds. You will be given copies of the paper deeds for reference/interest, if they exist. If they don’t, then there will be none. They aren’t considered important once the title is electronically registered.
What is the meaning of title deeds?
a deed or document evidencing a person’s legal right or title to property, esp real property.
What is a title plan of a property?
In NSW, Land Title is based on a plan created from a survey of the land. The plan defines the boundaries of a piece of land.
What does a title register tell you?
The Property Register describes the land in the title and tells us of any rights which benefit it. It will also make reference to the land as being edged red on the title plan. The date in brackets at the start of the entry is the date that the title was first registered with the Land Registry.