equitable title

Equitable title refers to a person's right to benefit from a property even if they do not hold the legal ownership document. It represents the buyer's interest in a property during the process of purchasing it, giving them the right to acquire full ownership once certain conditions are met. Think of it as having a financial interest or stake in a property that obligates and entitles the person to certain rights, even if the formal legal title remains with someone else — like the seller until the sale is finalized.