OMI LAND TITLE SERVICES offers a wide range of land and property issues, including title verification, lost titles, title transfer, extrajudicial settlement, and unpaid property taxes. At common law equitable title is the right to obtain full ownership of property, where another maintains legal title to the property.. This is a type of Torrens title which commonly refers to unit, apartment or townhouse properties. The search will include public records and other land records spanning many years. Torrens title is commonly used for land or houses. When you buy land in Australia, the most common type of property type is Torrens title or 'Freehold', because you’re buying both the land and the property or the land … They include: Torrens title. Types of ownership and tenancy include tenancy in common and joint tenancy. An official title to land, or certificate, transferring land from a colony, state, or other governmental body to an individual; transfers ownership from the government to the private sector. Thus, in the list above, the last three (joint tenancy, tenancy in common, and tenancy in the entirety) involve joint possession. A title investigator looks for any claims to the title that may affect your purchase. Many states have abolished this form of title and prefer married couples to assume a joint tenancy with right of survivorship. Also Avoid This $66 Title Search Report (can get for $12.15) This historical title search is $66.00 dollars, again this report is just $12.15 on our government website. Equitable versus legal title. There are different types of property titles in Australia which entail a different kinds of ownership structures. As a result, other ownership forms must be utilized to minimize taxes and avoid probate. 2 Certificate of Title. A validly existing marriage is a prerequisite for this type of title. They have been in the industry for several years now and had served numerous satisfied corporate clients and individual property owners. An official document indicating ownership of land is issued in the form of a Certificate of Title. Issued in paper or digital format, the Certificate of Title provides a record of the ownership of a defined land parcel, and the lodged or registered interests or claims (encumbrances) against that ownership. When a contract for the sale of land is executed, equitable [interest/title] passes to the buyer. Land Title Guarantee Company was founded in Denver in 1967. The Title Search on this website is $44.00 instead of $12.15 for the same report from this government Land Title Search website. 3. … If you are not married to the person with whom you are planning to share joint ownership of an asset, then joint tenancy is likely not the best type of ownership for the assets. Strata title. 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