Property Ownership
What does 'color of title' mean in Nevada property law?
AA title from a minority seller that has additional legal protections
BA document that appears to transfer title but is defective — it gives the appearance of ownership but is legally insufficient✓ Correct
CA title held by the state government
DA title with a minor clerical error that is otherwise valid
Explanation
Color of title refers to a claim to property based on a written instrument (such as a deed) that appears to transfer title but is actually defective or invalid for some reason. It is a factor considered in Nevada adverse possession claims.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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