Inheriting or purchasing specific property in Florida doesn’t always require a simple signature. Depending on the property’s conditions written in the contract, you may not be the only person entitled to the property you want. These rival claims are known as cloud titles, as they highlight the lack of clarity with the current ownership conditions of the property.
One course to take towards having sole ownership of your property is by filing a Quiet Title Action lawsuit. Before you take action, it is important to understand what doing this can accomplish.
What is the purpose of Quiet Title Action?
These cases revolve around land or building disputes in which more than one party has legal interest in the property. The purpose of a Quiet Title Action lawsuit is to erase any potential clouded titles that could give someone else varying degrees of ownership on the property. You must present to the court why you deserve full legitimate claim of the property over the cloud title.
These cloud titles can range from intense inter-company conflict to a simple misspelling in the previous owner’s deed. If the other party with interest is willing to co-operate, some people may pursue a quit claim deed which allows one party to give interest to the other. However, some people prefer the more secure results that can come from a Quiet Title Action lawsuit instead, as the court’s permission towards your ownership is more valuable than the other party’s.
Why do you need this?
As with most of these types of courtroom conflicts, the point is for one party to establish complete ownership over the property. Having a clear title can allow you to obtain title insurance or clearing any unpaid taxes for your property with significantly less hassle.
There are also many grounds that you could file Quiet Title Action for such as:
- Adverse possession
- Boundary disputes
- Surveying errors
- Lien Holders
- Forged Deeds
While it can be a tedious process, removing these cloud titles is essential if you want to use your property to its full potential. Whether you need it to make money for your business or you want to sell it at a later date, it is important to quiet any potential obstacles that are in your way as soon as you can.