In legal parlance, the title of acquisition refers to the legal ground on which a right, especially a property right, has been acquired.
In the field of land registry, this term means the deed on the basis of which a change has been made to the title deed. Thus, it does not have to be only the deed on the basis of which something has been acquired (e.g. a contract of sale), but also another deed (e.g. a notification of a change of the name of a company).
What can be the title of acquisition?
Different titles of acquisition may be indicated on the title deed, depending on the change that has taken place. These may be:
- Contract of Sale – When the property passes into the ownership of the buyer under a contract of sale.
- Decision or certificate of inheritance – If the property is acquired under inheritance proceedings.
- Donation agreement – When the property passes from the donor to the donee.
- Exchange contract – If there has been an exchange of properties.
- Court Judgment, Foreclosure or Auction – When a property is acquired as a result of a court judgment or public auction.
- Another charter.
What will we learn from the title acquisition?
The title of acquisition is therefore the information that we find on the title deed under the name of the owner of the land, building or apartment. Apart from the title deed name, various information can be ascertained from it, I explain more in the video in the premium content. The abbreviations found in the book Land Law will also help you to understand the title of acquisition.
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