What is a "marketable title"?

A marketable title refers to a title that is free from significant defects or encumbrances, making it suitable for sale or transfer. When a title is considered marketable, it implies that the seller has a clear and undisputed ownership interest in the property, ensuring that potential buyers can acquire it without any legal challenges or claims against it.

This means that the title does not have issues such as liens, easements that would interfere with the use of the property, or other defects that could compromise the buyer's interest or enjoyment of the property. A marketable title is crucial in real estate transactions because it provides assurance to the buyer that their rights will not be jeopardized after the purchase. When a title is free from such encumbrances, it enhances the property's desirability and can facilitate a smoother transaction process.

The other options convey aspects of title but do not align with the standard definition of a marketable title. For instance, availability for public viewing, while important, does not inherently address the security of ownership. Subordinate property rights and ownership disputes indicate potential issues that would threaten the marketability of a title rather than affirm its soundness.