UK Accounting Glossary
Just title is any title that is free of claims or legal questions by someone else. Such claims can take the form of liens by the IRS, a bank, or a guarantor. Just title is also called “clear title,” “good title,” “perfect title,” and “free and clear.” A property with just title is considered marketable and saleable. Just title is achieved through a title search, generally by a title company, to ensure that a piece of property is claim-free. Just title can be guaranteed through the purchase of title insurance. The presence of just title is a requirement for the sale of real estate, since the lack of it can cause legal problems for the buyer and the mortgage lender.
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This glossary post was last updated: 9th February 2020.