The most common objective of the certificate is use to prove something. Certificate of title is the type of certificate which proves the real ownership of a particular property, vehicle or any object. It is authorized by the respective Government employee of the respective place. In other word it provides the documentary evidence of the right of ownership. A Certificate of Title is a person’s record of interests and rights affecting their land. The design of the Certificates of Title minimizes the possibility of fraud and provides additional protection of customers’ interests and rights.
In order to collect more information on the Certificate of title go through the link below..
Certificate of Title Sample
There are many types of certificate of title sample are present depends upon the object. It may be a land, property, or useful things in day to day life. The contents of the certificate of the exemption are also varies from place to place. There are some points on use of this certificate right below…
- Checking current property ownership.
- Home buyer and investor research.
- Research by real estate agents.
- Planning applications.
- Completing land forms.
However, a certificate of title is not a guarantee of a free and clear title. There could be unrecorded encumbrances and liens, incorrect recorded information, or fraudulent activity that are simply unknown. For such reasons, title insurance would be purchased to protect the seller from any claims arising from prior or unknown unrecorded or fraudulent activity. Title companies provide certificates of title to lenders that require these documents prior to approving loans.
Certificates of title are also issued for vehicles, including automobiles, buses, motorcycles, motor homes, trailers and trucks, aircraft and watercraft. These are issued by a designated state agency to identify the owner of the vehicle, aircraft or water vessel. These are issued by a designated state agency to identify the owner of the vehicle. A lender will hold the title until the obligation has been satisfied, at which point the lien is released and the certificate of title will be sent to the owner.
To download the PDF format of the Certificate of Title click on the link below…
What is Certificate of Title
A Certificate of Title is an official land ownership record. You can order a copy of a Certificate of Title to find current ownership information for any property in Western Australia, even if you don’t own it. The Certificate of title for a property must has following information..
- The size and general shape of the section.
- Who owns the entity
- whether there are mortgages, leases, rights of way or other interests registered against the title
- Whether the land is freehold or leasehold means whether you are permanent owner or you are holding the land temporarily like rental purpose, tenure and period of occupancy.
Deeds and the certificate of exemption have equal function. Both provide information of current owner of the land where deeds also provides the condition of ownership.