A guarantee from the seller to the buyer in a real estate transaction, ensuring that the seller has the legal right to sell the property and that the title is free from defects.
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Glossary Term: Ownership
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A legal document outlining the ownership and operational procedures for a business, especially important for short-term rental properties with multiple owners or managed by a company.
A type of trust where the assets are permanently placed under the trust’s control and cannot be modified or revoked by the grantor (the original owner) without the beneficiary’s consent. Sometimes used for asset protection in short-term rental ownership.