Escrow & Title
What is a chain of title in Nevada?
AA list of all liens against a property
BThe chronological sequence of historical ownership transfers for a parcel of land✓ Correct
CThe physical boundaries of a property as established by survey
DA list of all easements on the property
Explanation
The chain of title is the complete sequential history of ownership and encumbrances on a parcel of land, going back to the original patent or grant. Gaps in the chain of title ('broken chain') can create title defects.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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