Lessees Interest Lien Waiver (waiver Of Liens)
The owner of the legal title to land. When trustees are appointed, they become the legal owners of the land. The names of the trustees, not the beneficiaries, will appear on the title. (See also Beneficial owner and Beneficiary.)
The term is used to distinguish the legal owner from the equitable owner and not as opposed to an illegal owner. The legal owner has title to the property, although the title may actually carry no rights to the property other than to act as a lien.
The term has come to be used as a technical difference from the equitable owner, and not as opposed to an illegal owner. The legal owner has title to the property, although the title may actually carry no rights to the property other than a lien.
The term is in technical contrast to equitable owner. The legal owner has title to the property, although the title may actually carry no rights to the property other than as a lien. See also “ Lien”.
The legal owner is usually the lender. The legal owner has title to the property even though the title may carry no rights other than a lien. The person who lives in the home is the equitable owner.
Typically, the party or business who holds title to specific property; Factually recognized, in some countries, as the party considered as the absolute owner.
The owner of title, as distinguished from the holders of other interests, e.g., beneficial or possessory interests.