Which of the following indicates a transition of full title ownership from one party to another?

Prepare for the Pennsylvania Title Insurance Test with interactive flashcards and multiple choice questions, each with hints and explanations. Ready yourself for the title insurance exam!

The transition of full title ownership from one party to another is indicated by a deed. A deed serves as the legal document that formally transfers ownership of real property, providing evidence of the transfer and detailing the rights that the new owner will possess. It typically includes important information such as the names of the parties involved, a description of the property, and it must be signed and often notarized to be legally valid.

In contrast, a lease simply grants temporary possession and use of a property to a tenant without transferring ownership rights. A creditor's claim relates to a lender's rights to a debtor's assets in the event of a default, and does not convey ownership. Subleasing involves a lessee renting out the property they are leasing, which does not transfer ownership; the original leaseholder remains responsible for the lease agreement with the landlord. Thus, only a deed signifies the complete ownership transfer.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy