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Certificate

Definition of 'Certificate'

In real estate, a certificate is a document that attests the legal right of all parties who have an interest in the object of a trasaction.

What is a Real Estate Certificate:

The information made available in a certificate usually refers to the name and contact information of each party, the nature of interest in the object of the transaction, and a summary of the declaration or waiver. It does not include any loan-related information.

Example:

Here's a real-life example from one of the properties researched on PropertyShark:

In this case, the certificate is recorded on the same day the Zoning Lot Description was recorded and it provides a list with all the premises affected by the Zoning Lot Description and all parties involved.

References:
http://www.mortgagedictionary.net/what-is-Certificate+of+Title/

Disclaimer:
The glossary is intended to provide real estate professionals and home buyers with a basic understanding of various specialized terms related to legal rights over a property. All terms appear in public records such as ACRIS. We do not take responsibility for the legal accuracy of the definitions provided and ask that use of these explanations in a legal setting be made only after checking with a lawyer or another specialist in the field.