Definitions for marketable title
mar·ketable ti·tle

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1. Marketable title

   Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept. For real estate practitioners, the most complete reference to title issues is found in the preprinted wording contained within an agreement/contract. If you cannot produce a clear title of deed to the property then the prospective buyer should expect to lose in a specific performance action. Merchantable title and marketable title are synonymous terms. In the absence of an agreement to the contrary, there is an implied undertaking in the contract that the vendor (person selling the property) has a marketable title. The contract typically provides that on failure of a vendor to deliver good and marketable title, the vendee (buyer) may rescind the contract and recover any deposit. Merger If a deed is delivered and it has no warranty of title, the buyer has no recourse because the deed supersedes the contract. This means that the initial contract is no longer in effect. Closing Date Sellers only have to tender good and marketable title on the date the conveyance is executed (date of closing). So a seller may contract to sell property it does not currently possess. Liability will be imposed on the seller for breach only if the seller does not have good and marketable title on the date of closing. Defects that make title unmarketable Outstanding mortgages/liens Restrictive covenants Outstanding future interests of others in the property, i.e. a "reverter". Encumbrances Easements on the property Variations in the names of grantors and grantees Variations in the chain of title Outstanding dower interests. Adverse possession claims Structural encroachments Existing violations of an equitable servitude or covenant Zoning restriction violationsActions that do not defeat marketability Zoning restrictions (so long as there are no current violations of the restrictions) Other land use regulations

How to pronounce marketable title?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say marketable title in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of marketable title in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of marketable title in Pythagorean Numerology is: 1

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Marketable_Title