What does "title" represent in real estate?

In real estate, "title" refers to the legal right to own and use property. This concept encompasses the bundle of rights that a property owner possesses, including the right to sell, rent, or build on their property, as well as the right to exclude others from it. The title is fundamental to property ownership, as it establishes legal recognition of ownership and can be transferred through various means, such as a sale or inheritance.

When someone holds title to a property, they have a claim to it that is protected by law, and this claim can be documented through a title deed. The title serves as proof of ownership and includes important information such as the legal description of the property and any liens or encumbrances that may exist. This understanding is crucial for anyone involved in real estate transactions, as having clear title is vital to ensuring that property rights are upheld and protected.