Escrow & Title
A Kansas property has an abstract of title. This is best described as:
AA title insurance policy
BA chronological summary of all recorded instruments affecting the property's title✓ Correct
CThe current deed to the property
DA zoning compliance certificate
Explanation
An abstract of title is a condensed history of all recorded documents affecting the title to a specific property, used by an attorney to render a title opinion.
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Key Terms to Know
Abstract of Title
A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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