Definition of Certificate of Title
The certificate of title is the written documentation of who owns a property, along with the rights and responsibilities this ownership provides.
Why is this term important?
If you buy a house you will be given a certificate of title that can be accessed through a public records search. This certificate of title lists the official, legal owner of a property as well as the rights and responsibilities this ownership entails.
Examples of term
Every homeowner has a certificate of title legally stating their ownership of the home.