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Chain of title

 
Business Dictionary: Chain of Title

A chronological history of all Conveyances and Encumbrances affecting a land title. See also Abstract of Title.

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Real Estate Dictionary: Chain of Title
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A history of Conveyances and Encumbrances affecting a Title from the time that the original Patent was granted, or as far back as records are available. See Abstract of Title, Certificate of Title.
Example: An abstractor can research title to property going back to the date that the property was granted to the United States. This chain of title is helpful in preparing an attorney's Opinion of Title as to whether the owner has a marketable or Insurable Interest. See Marketable Title.

Law Encyclopedia: Chain of Title
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This entry contains information applicable to United States law only.

A list of successive owners of a parcel of land, beginning from the government, or original owner, to the person who currently owns the land.

To show that a title to a piece of land is a marketable title and is free to transfer, a person must know who had ownership of the land at any point in time. In addition, the seller should be able to trace the way in which each person came into the chain of title. An abstract of title contains a condensed history of the title to a piece of land in addition to a summary of conveyances. This history appears on public record so that title to land can be checked.

Wikipedia: Chain of title
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A chain of title is the sequence of historical transfers of title to a property. The "chain" runs from the present owner back to the original owner of the property. In situations where documentation of ownership is important, it is often necessary to reconstruct the chain of title. To facilitate this, a record of title documents may be maintained by a registry office or civil law notary.

Chain of title for real property

Real estate is one field where the chain of title has considerable significance. Various registration systems, such as the Torrens title system, have developed to track the ownership of individual pieces of real property. In real estate transactions in the United States, insurance companies issue title insurance based upon the chain of title to the property when it is transferred. Title insurance companies sometimes maintain private title plants that track real estate titles in addition to the official records. In other cases, the chain of title is established by an abstract of title, sometimes, although not always, certified by an attorney.

Chain of title for copyrights, trademarks, and rights of publicity

In the motion picture industry, the chain of title involves the series of documentation which establishes proprietary rights in a film. The chain also applies to compilations in other fields, where many people have contributed to the project, thus acquiring authorship rights, or where materials were culled from many sources. Chain of title is extremely important to film purchasers and to film distributors, as it establishes the veracity of the owner's proprietary rights (or rights under license) in the intellectual property in a film, book or encyclopedia.

Chain of title documentation can include:

  • proof of errors and omission insurance (a special form of insurance for motion picture producers which covers omissions in obtaining adequate chain of title).

Specialist organizations engage in the production of copyright property reports for motion picture studios, which cover original or unexploited works, and include the results of United States Copyright Office screening searches, author claimant searches, registration renewal searches and assignment searches. This involves reviewing US Copyright Office records from 1870 to present and numerous trade publications and databases, and Library of Congress records.

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Copyrights:

Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Chain of title" Read more