Transfer of Title

Transfer of title refers to the legal process through which ownership rights of a property or asset are transferred from one person or entity to another. This process officially updates the ownership records, ensuring that the new owner has the legal authority to sell, use, or manage the property. It typically occurs through a formal document, such as a deed or bill of sale, and often involves steps like signing, registration, or recording with appropriate authorities. In essence, transfer of title signifies the change in who legally owns the asset.