A licensee in Minnesota is helping a client prepare to sell a rural property in Stearns County. The seller mentions that the property was registered under the Torrens system decades ago. The licensee wants to confirm the current state of title. Which document serves as the definitive evidence of ownership for Torrens-registered land in Minnesota?
Correct Answer
C) The current Certificate of Title issued by the Registrar of Titles for the county where the property is located
For Torrens-registered land, the Certificate of Title issued by the county Registrar of Titles is the definitive, conclusive evidence of ownership under Minn. Stat. Ch. 508. The certificate shows the current registered owner, all memorialized encumbrances, and any conditions affecting the title. It replaces the need for a traditional abstract of title for registered land.
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Related Topics & Key Terms
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Related Concepts
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
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