Any papers which contain vital information about a property or piece of land are called property records. The records generally indicate who is the legal owner of the property, which also includes proof of ownership and the deed registered under the his or her name.
A property records office is a place which maintains such information for every property, plot or patch of land owned in that particular county or city. The records of any sale, purchase with respect to property will be maintained in this office. Other related information to the said property can be found in this office. Papers with respect to any loan, outstanding payments, tax related information, detailed information about the owner can all be all found.
There are a number of reason for which property records might be needed. Here are a few to name.
Records contain vital documents about the owner and all related information which comes in very handy when there is a need to settle disputes with respect to any mortgages and foreclosure for the property.
Property records contain documents which can be utilized for dealing with any easement rights. Easement can be explained as a right to use someone else’s land or property for a specified purpose. In case there is a dispute as to who the rightful owner is, property records come in handy to settle such cases.
Property records come in handy when there are lien disputes which need to be resolved. Lien is a right to keep someone’s property in your possession until a debt which is owed by that person is paid off. However, the possession of the property is transferred back when the debt has been paid. In some cases, there might be a dispute as to any outstanding lien is and this is where property records come in handy.
All vital information related to the property comes in handy when there are disputes which need to be settled for wills, property shares, legal or nominated inheritance for that matter. The documents will be very handy to determine who the rightful owner is or who will be the rightful owner after the dispute has been resolved. Property documents are vital to resolve such issues.
Property has a fixed boundary line, which defines it area. Every person who owns a property will also have a set of documents which will have the specifications for this boundary line. Often there are issues which arise due to such boundaries and hence these documents come in very handy.