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Simple English definitions for legal terms
dormant title
Read a random definition: ONDCP
A quick definition of dormant title:
Dormant title is a term used to describe a type of property ownership where the title is not currently active or being used. It is a legal right to control and dispose of property, but it is not currently being exercised. This can happen when a property owner has not taken any action with their property for a long time, or when there is a dispute over who has the legal right to control the property. It is important to resolve any issues with dormant titles before attempting to sell or transfer ownership of the property.A more thorough explanation:
A dormant title refers to a title in real property that is held in abeyance. It means that the legal right to control and dispose of the property is not currently being exercised or enforced.
For example, if a person inherits a piece of land but does not take any action to claim ownership or control over it, the title to that land would be considered dormant. The legal right to control and dispose of the property is not being exercised or enforced by the owner.
Another example of a dormant title is when a property is left vacant for a long period of time and the owner does not take any action to maintain or use the property. In this case, the title to the property is dormant because the legal right to control and dispose of the property is not being exercised or enforced.
In summary, a dormant title refers to a legal right to control and dispose of property that is not currently being exercised or enforced by the owner.