Property Ownership
In South Carolina, a 'quiet title action' is used to:
AReduce noise in a neighborhood through court order
BClear title disputes and establish clear ownership through the courts✓ Correct
CTerminate an annoying neighbor's property rights
DRemove all easements from a property
Explanation
A quiet title action is a court proceeding to establish clear ownership and resolve competing claims to real property. It 'quiets' (eliminates) adverse claims against the title.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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.
Math Concepts
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