marketable title
marketable title see title

Merriam-Webster’s Dictionary of Law. . 1996.

marketable title
Title to property that is free from encumbrances such that a reasonable person would accept it, and that can be sold or transferred without impediment.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

marketable title
in conveyancing in Scotland, an implied term of every contract for the sale of heritage that the seller will inter alia deliver a marketable title, which not only means that there will be no eviction but also that there will be no reasonable challenge that can be made. It imports an exclusive and absolute right of property and thus excludes even a long lease. It must be a title to a whole and identical property. The title must be free of all burdens and encumbrances except feu duties, which in most cases will have been automatically redeemed by statute some time ago or will have to be done on sale. An unallocated part of a cummulo feu duty may still be outstanding and render a title unmarketable.

Collins dictionary of law. . 2001.

marketable title
Category: Real Estate & Rental Property
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

marketable title
Ownership and possession of real property that is readily transferable since it is free from valid claims by outside parties.

Dictionary from West's Encyclopedia of American Law. 2005.

marketable title
Ownership and possession of real property that is readily transferable since it is free from valid claims by outside parties.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

marketable title
   the title to real property which has no encumbrances (mortgage, deed of trust, lien or claim) and which is free of any reasonable objection (excluding minor mistakes in the description or typographical errors). A court will enforce a contract to buy and sell real estate if there is marketable title.
   See also: contract, real property

Law dictionary. . 2013.

Look at other dictionaries:

  • Marketable title — (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent,… …   Wikipedia

  • marketable title — A clear, reasonably incontestable title to a piece of real estate that is good for transaction purposes. Bloomberg Financial Dictionary * * * marketable title marketable title ➔ title * * * marketable title UK US noun [U] PROPERTY, LAW ► the… …   Financial and business terms

  • marketable title — A title good as a matter of law, its validity not being dependent upon the determination of any question of fact. Wurzweiler v Cox, 138 Or 110, 5 P2d 699; First Nat. Bank of St. Johnsbury v Laperle 117 Vt 144, 86 A2d 635, 30 ALR2d 958. A title… …   Ballentine's law dictionary

  • marketable title — noun : a title that conveys property and the interest therein bargained for reasonably free from all liens and encumbrances save those excepted by the bargain, that does not expose the purchaser to litigation, and that he can readily sell or… …   Useful english dictionary

  • marketable title — Law. a title to real property that is free from encumbrances, litigation, and other defects and that can readily be sold or mortgaged to a reasonable buyer or mortgagee. Also called good title, merchantable title, sound title. * * * …   Universalium

  • marketable title — property title that can easily be transferred to another person …   English contemporary dictionary

  • title — ti·tle n [Anglo French, inscription, legal right, from Old French, from Latin titulum inscription, chapter heading, part of the law that sanctions an action] 1 a: the means or right by which one owns or possesses property; broadly: the quality of …   Law dictionary

  • title — ti‧tle [ˈtaɪtl] noun 1. [countable] HUMAN RESOURCES JOBS a name that describes a person s job or position: • What is your job title? • Her official title is Human Resources Manager. 2. [countable] a par …   Financial and business terms

  • marketable — mar·ket·able / mär kə tə bəl/ adj 1: fit to be offered for sale: being such as may be justly or lawfully sold or bought marketable goods 2: wanted by buyers marketable securities mar·ket·abil·i·ty /ˌmär kə tə bi lə tē/ n …   Law dictionary

  • Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

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