legal title

Legal title refers to the official ownership of a property or asset, signifying the right to control, use, and transfer it. When someone has legal title, they hold the recognized rights under law to the property, which can include real estate, vehicles, or other assets. This title can be documented through legal instruments like deeds or certificates. Having legal title means you can sell the property, lease it, or use it as collateral, provided there are no liens or claims against it. It's important in establishing clear ownership and ensuring the rights of the owner are protected.