Property Ownership
In Hawaii, property registered under the Land Court system is also called:
AA. Regular System property
BB. Torrens System property✓ Correct
CC. Abstract System property
DD. Title Insurance System property
Explanation
Hawaii's Land Court uses the Torrens system of title registration, where the state certifies and guarantees title through a Certificate of Title rather than relying solely on recorded deeds.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
EasementA non-possessory right to use another person's land for a specific purpose.
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