by A title is a crucial document that establishes legal ownership of a propertyProperty encompasses a wide range of tangible assets that individuals or entities can own, utilize, or invest in, includ.... When a buyerA buyer is an individual or entity that acquires goods, services, or properties through a transaction, motivated by a ne... agrees to purchase real estateReal estate refers to property consisting of land and the structures on it, such as buildings and homes. It also include..., they initially receive “equitable title,” which grants them the right to eventually obtain full ownership. During this period, the current owner—whether a home builder, developerIn Jamaican real estate, a developer is a person or company that creates new buildings or improves old ones. They handle..., or seller—retains “legal title,” representing the actual ownership of the property. Upon meeting all contractual conditions, the legal title is transferred to the buyer at the closing. The most complete form of ownership is known as “paramount title,” associated with fee-simple ownership, which is the highest level of property ownershipProperty ownership means having the legal right to use, live on, or manage land or a building. In Jamaica, it’s like h.... This title grants the holder the right to pursue a legal process called “quieting title,” used to resolve disputes involving missing heirs, tenants, lienLien in Jamaican real estate is a legal claim or right against a property to secure payment for a debt or obligation. It... holders, or other claims against the property. The specific procedures for quieting title vary by jurisdiction.
