Equitable Title Clause Samples

The Equitable Title clause defines the rights of a party to benefit from or control property, even if they do not hold formal legal ownership. In practice, this clause often applies in real estate transactions where a buyer, after signing a contract but before closing, gains the right to use, improve, or sell the property, despite the seller retaining legal title until final payment. Its core function is to clarify the division of rights and responsibilities between parties during the period between contract execution and legal transfer, thereby reducing disputes and ensuring both parties understand their interests in the property.
Equitable Title. No beneficial interest in or equitable title to the Property will pass to Purchaser until Closing.
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Equitable Title. Exists in a sales contract, land contract, or trust deed. It is the buyer’s or lender’s interest in the property. Both lender and buyer are considered to have an equitable title interest while the title is held by another party. The courts will hear a lawsuit brought by the party not in legal title, they have legal standing. Liquidated Damages
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Equitable Title. Provided that the Buyer is not in default, the Seller grants the Buyer an equitable interest in the Property with the right to use the Property in the manner of a reasonable homeowner. This grant excludes the right to sell or sublet the Property, including short-term rentals through such services as AirBnB and VRBO. Sale or sublease of the Property requires express written consent of the Seller, which may be withheld for any reason at the Seller’s reasonable discretion.
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Related to Equitable Title

  • Marketable Title Upon payment of the purchase price, a Deed for the property shall be executed by the Seller and shall convey the property to the Buyer. Title to the property shall be good and marketable, free of liens, encumbrances, subject to all applicable ground rent, covenants, conditions, restrictions, easements, rights of way, laws, ordinances, regulations, charges, taxes and assessments, rights of others in party walls of the Property, and any other matters of record. The buyer has the right to choose his own settlement agent or attorney to conduct settlement.

  • Good and Marketable Title The Selling Shareholder now has and at the Closing Time will have good and marketable title to the Securities to be sold by it, free and clear of any liens, encumbrances, equities and claims, and full right, power and authority to effect the sale and delivery of the Securities. Upon the delivery of, against payment for, the Securities pursuant to this Agreement and the Bidder Letter with each Winning Bidder and, assuming a Winning Bidder does not have notice of any adverse claim (within the meaning of the Uniform Commercial Code as in effect in the State of New York), such Winning Bidder will acquire good and marketable title thereto, free and clear of any liens, encumbrances, equities and claims.

  • Vehicle Titles The necessary certificates of titles duly endorsed for transfer together with any required affidavits and other documentation necessary for the transfer of title or assignment of leases from Seller to Buyer of any motor vehicles used in connection with the Hotel’s operations.

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  • Transfer and Encumbrance The L-C shall also provide that Landlord may, at any time and without notice to Tenant and without first obtaining Tenant’s consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another party, person or entity, regardless of whether or not such transfer is from or as a part of the assignment by Landlord of its rights and interests in and to this Lease. In the event of a transfer of Landlord’s interest in under this Lease, Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability therefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole of said L-C to a new landlord. In connection with any such transfer of the L-C by Landlord, Tenant shall, at Tenant’s sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer and, Tenant shall be responsible for paying the Bank’s transfer and processing fees in connection therewith; provided that, Landlord shall have the right (in its sole discretion), but not the obligation, to pay such fees on behalf of Tenant, in which case Tenant shall reimburse Landlord within ten (10) days after Tenant’s receipt of an invoice from Landlord therefor.