Property Title Report Design
Prepared by: [Your Name]
Company: [Your Company Name]
Date: [Date]
I. Property Information
A. General Details
This section provides an overview of the basic information related to the property in question. Essential details include:
Detail | Information |
|---|
Property Address | Salt Lake City, UT 84101 |
Parcel Number | 123-456-7890 |
Owner Name | Jarvis White |
Property Type | Residential |
Lot Size | 5,000 sq ft |
B. Ownership History
The ownership history lists the succession of owners responsible for the property. It provides insight into the property lineage and can identify potential disparities or issues.
Owner 1: Jarvis White, 2055-Present
Owner 2: Gino Rohan, 2050-2055
Owner 3: Edgar Spencer, 2050-2065
II. Encumbrances
A. Liens
Encumbrances are claims or liens on a property. These financial and legal obligations must be satisfied for a clear transfer of title.
Lien Holder | Amount | Status |
|---|
IdealMate Bank | $150,000 | Active |
City of Salt Lake | $5,000 (Property Tax Lien) | Satisfied |
B. Easements
Easements represent rights for third parties to use or access parts of the property for specific purposes without ownership.
III. Legal Claims
Legal claims may include disputes or legal actions related to the property ownership or its use.
IV. Restrictions
Property restrictions may involve limitations on property use, potential developments, or structural modifications that are recognized by law or agreement.
V. Title Insurance Information
Title Insurance ensures protection against financial loss arising from defects in the title. This section outlines the details of any policies taken on the property.
A. Policy Details
Policy Number | Issued By | Coverage Amount | Validity |
|---|
TI-987654321 | Title Insurance Co. | $500,000 | Active |
B. Claims History
History of any claims made against the title policy, their resolutions, and settlements are crucial to understanding potential complexities in the property title.
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