Solicitors & Lawyers
Legal Phrases
Term: equitable owner
1.
An equitable owner arises on an event which results in the legal and beneficial titles to property becoming separated. The equitable owner has a superior title to the property, and may require the legal owner to transfer the legal title to them.
Usage: The equity of redemption entitled the mortgagor to require the mortgagee to trasnfer to the legal title in the property to them upon repayment of the sums due under the mortgage.
Related Words: legal owner; legal title; court of equity; equity of redemption; property; equitable mortgage.
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