What does a chain of title represent?

A chain of title is a crucial legal concept in real estate, representing the chronological sequence of documented ownership of a property. It lists all grantors (sellers) and grantees (buyers) involved in the transfer of the property since its origin, often starting from the original patent from the government. This information is vital for establishing clear ownership and ensuring that the title is free of any encumbrances or claims that could affect the property's ownership rights.

Understanding the chain of title is essential for buyers and sellers because it provides transparency about who has owned the property and reveals any potential disputes, liens, or easements associated with it. This ensures that when a property is sold, the new owner has a clear and marketable title.

Other options do not accurately represent what a chain of title entails. A survey of the property refers to a drawing showing boundaries and physical characteristics of the property. Inspection reports assess the condition of the property but do not relate to ownership history. Property tax history provides information on tax payments associated with the property, which is separate from the ownership records documented in the chain of title.