Chain of title
Okay kiddo, imagine you have a toy car that you want to give to your friend. You want to make sure your friend can play with it without anyone else coming to take it away. So, you need to make sure you have the right to give the car to your friend in the first place.
Now, imagine the car is a house or piece of land that people buy and sell. When someone buys a house or land, they need to make sure they have the right to buy it and own it. That's where the chain of title comes in.
The chain of title is basically like a timeline that shows who has owned the house or land before the current owner. It's important to know this because if there are any problems with the ownership history, it could cause problems for the current owner.
Just like how you want to make sure you have the right to give your toy car to your friend without anyone else trying to take it, people who buy houses or land want to make sure there aren't any other people who have a claim to it.
So, the chain of title helps people make sure they are buying and owning property legally and without any potential ownership problems down the road.
Now, imagine the car is a house or piece of land that people buy and sell. When someone buys a house or land, they need to make sure they have the right to buy it and own it. That's where the chain of title comes in.
The chain of title is basically like a timeline that shows who has owned the house or land before the current owner. It's important to know this because if there are any problems with the ownership history, it could cause problems for the current owner.
Just like how you want to make sure you have the right to give your toy car to your friend without anyone else trying to take it, people who buy houses or land want to make sure there aren't any other people who have a claim to it.
So, the chain of title helps people make sure they are buying and owning property legally and without any potential ownership problems down the road.