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- Marketable_title abstract "Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept. For real estate practitioners, the most complete reference to title issues is found in the preprinted wording contained within an agreement/contract. If you cannot produce a clear title of deed to the property then the prospective buyer should expect to lose in a specific performance action. Merchantable title and marketable title are synonymous terms.In the absence of an agreement to the contrary, there is an implied undertaking in the contract that the vendor (person selling the property) has a marketable title. The contract typically provides that on failure of a vendor to deliver good and marketable title, the vendee (buyer) may rescind the contract and recover any deposit. MergerIf a deed is delivered and it has no warranty of title, the buyer has no recourse because the deed supersedes the contract. This means that the initial contract is no longer in effect. Closing DateSellers only have to tender good and marketable title on the date the conveyance is executed (date of closing). So a seller may contract to sell property it does not currently possess. Liability will be imposed on the seller for breach only if the seller does not have good and marketable title on the date of closing.* Defects that make title unmarketable Outstanding mortgages/liens Restrictive covenants Outstanding future interests of others in the property, i.e. a "reverter". Encumbrances Easements on the property Variations in the names of grantors and grantees Variations in the chain of title Outstanding dower interests. Adverse possession claims Structural encroachments Existing violations of equitable servitudes or covenants Zoning restriction violations* Actions that do not defeat marketability Zoning restrictions (so long as there are no current violations of the restrictions) Other land use regulations".
- Marketable_title wikiPageID "12250689".
- Marketable_title wikiPageLength "2391".
- Marketable_title wikiPageOutDegree "15".
- Marketable_title wikiPageRevisionID "665379963".
- Marketable_title wikiPageWikiLink Adverse_possession.
- Marketable_title wikiPageWikiLink Category:Real_property_law.
- Marketable_title wikiPageWikiLink Chain_of_title.
- Marketable_title wikiPageWikiLink Contract.
- Marketable_title wikiPageWikiLink Court_of_equity.
- Marketable_title wikiPageWikiLink Deed.
- Marketable_title wikiPageWikiLink Dower.
- Marketable_title wikiPageWikiLink Easement.
- Marketable_title wikiPageWikiLink Easements.
- Marketable_title wikiPageWikiLink Implied_warranty.
- Marketable_title wikiPageWikiLink Real_estate.
- Marketable_title wikiPageWikiLink Reversion_(law).
- Marketable_title wikiPageWikiLink Reverter.
- Marketable_title wikiPageWikiLink Specific_performance.
- Marketable_title wikiPageWikiLink Structural_encroachment.
- Marketable_title wikiPageWikiLink Warranty_of_title.
- Marketable_title wikiPageWikiLinkText "Marketable title".
- Marketable_title wikiPageWikiLinkText "good and marketable title".
- Marketable_title wikiPageWikiLinkText "marketable title".
- Marketable_title wikiPageWikiLinkText "marketable".
- Marketable_title hasPhotoCollection Marketable_title.
- Marketable_title wikiPageUsesTemplate Template:Law-term-stub.
- Marketable_title wikiPageUsesTemplate Template:Realestate-stub.
- Marketable_title subject Category:Real_property_law.
- Marketable_title hypernym Title.
- Marketable_title type Study.
- Marketable_title type Term.
- Marketable_title comment "Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept. For real estate practitioners, the most complete reference to title issues is found in the preprinted wording contained within an agreement/contract.".
- Marketable_title label "Marketable title".
- Marketable_title sameAs 판매가_가능한_소유권.
- Marketable_title sameAs m.02vxm3r.
- Marketable_title sameAs Q6770862.
- Marketable_title sameAs Q6770862.
- Marketable_title wasDerivedFrom Marketable_title?oldid=665379963.
- Marketable_title isPrimaryTopicOf Marketable_title.