Question: Which Of The Following Should You Accept As Evidence Or Proof Of Ownership Of An Estate In Land?

What is the very best proof of ownership of property?

A bill of sale is another document that can serve as proof of ownership; it comes from the previous owner and shows the transfer of ownership.

The bill of sale is essentially the receipt for the sale.

It usually serves as the primary proof of ownership until the deed can be officially notarized..

How do I prove ownership of land in Nigeria?

There are five ways of proving title to land. These are:Traditional evidence.Production of documents of title.Proof of acts of ownership extending over a sufficient length of time, numerous and positive enough as to warrant the inference that the persons exercising such acts are the true owners of the land.More items…•

Who owns the land in Nigeria?

The Nigerian land use decree of 1978 stipulates that all land belong to the government holding same in trust for the public [12].

How can you prove you own a property?

What is a Certificate of Title? A Certificate of Title (CT) is a public and legal record of land ownership, including interests and restrictions on the land.

What is the difference between a warranty deed and a deed?

“DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee.” A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

What does the deed mean sexually?

verb. to have sex. Last edited on Sep 02 2009.

Can a title company transfer a deed?

You need written consent of the lender to change your deed if the home is mortgaged. … You must get your co-owners permission in writing and have it signed and notarized. A title company can locate these parties, get the consents signed, signatures notarized and documents filed with the title change.

What is the difference between a title and a deed to a house?

A deed is evidence of a specific event of transferring the title of the property from one person to another. A title is the legal right to use and modify the property how you see fit, or transfer interest or any portion that you own to others via a deed. A deed represents the right of the owner to claim the property.

How do you prove your house is paid off?

Documents that may be released after paying off your home:A statement showing that your balance is paid in full.Your canceled promissory note.A certificate of satisfaction.Your canceled mortgage or deed of trust.

How many types of ownership of property are there?

three typesThe three types of property ownership are individual ownership, joint ownership and ownership by way of nomination.

What does being on the deed of a house mean?

Generally, your name is on the deed to the home, then you you own an interest in it. The bank cannot foreclose since you did not transfer your interest to the bank. This means that you still own your share of the home.

Which of the following is a document which transfers ownership of real estate?

deedA deed is a legal document that transfers ownership of a real estate. The deed usually: Identifies the buyer (grantee) and seller (grantor)

What determines ownership of a house?

The general warranty deed is the standard instrument for home sales. Your notarized warranty deed is proof of ownership, and that the grantor transferred complete and clear title to you. A quitclaim deed also proves full land ownership—if the person who conveyed the interest to you had full ownership.

What type of ownership requires that all co owners have the same percentage of ownership?

In estate law, joint tenancy is a special form of ownership by two or more persons of the same property. The individuals, who are called joint tenants, share equal ownership of the property and have the equal, undivided right to keep or dispose of the property. Joint tenancy creates a RIGHT OF SURVIVORSHIP.

Who holds the deed?

While you have a mortgage, the lender has rights to the property title until the loan is paid. If you buy a home without a mortgage, the real estate attorney or title company records the deed and issues a copy to you.