Proof of ownership of a property is called what?

Prepare for the National Ownership Exam with study materials including flashcards and multiple choice questions featuring detailed hints and explanations. Get ready to ace your exam!

The term that refers to the proof of ownership of a property is "Title." A title is a legal document that establishes a person's or entity's rights to own and use a property. It signifies that the holder has the legal claim to the property and outlines the specifics, such as the property's description, ownership history, and any encumbrances like liens or mortgages.

In contrast, a Deed of Trust serves as a security instrument in financing arrangements, and a Lease Agreement pertains to rental agreements, outlining the terms under which a property is rented. A Property Survey provides a detailed depiction of a property's boundaries and improvements but does not prove ownership. Understanding how these documents function in relation to property ownership is vital in real estate practice.

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