A certificate of title is a legally binding document issued by a state or municipality that identifies the owner(s) of personal or real property. A certificate of title is a document that proves the owner’s right to possession. It usually refers to real land, although it could also refer to a business, a boat, or a vehicle, among other things.
A certificate of title is a statement of opinion on the status of a title issued by a title insurance company for real property—such as land or a house—based on a detailed investigation, or title search, of specific public records. As a result, the title embodies the right or evidence of real estate ownership.
Certificates of title can be used for any sort of property with a title, including real estate and automobiles. Once the owner’s contractual and financial obligations have been met, they can take possession of the property.
The certificate of title contains the owner’s name as well as information about the property. When a piece of real estate is sold, the title is passed on to the new owner.