Common use of Title Agent Clause in Contracts

Title Agent. Researches and examines the property records of landowners potentially affected by a project requiring land rights acquisition. Initially, Title Agents research the tax assessor rolls and copy all pertinent information related to the subject properties and landowners. Once the initial database and line list is built from the tax assessor rolls, the Title Agents begin researching each individual property potentially affected. Utilizing available public records, Title Agents examine the deeds to the chain of title for a specified period for each property. Research may include checks for all mortgages, liens and other encumbrances potentially affecting title to the subject property to ensure the property is free of restrictions that may affect the construction, operation, and maintenance of facilities to be installed. Copies or summarizes (abstracts) recorded documents which affect title to the property (e.g., mortgages, deeds, and contracts). Verifies ownership and the legal descriptions of the properties in the chain of title researched to determine if the vesting deed is correct. Prepares title reports/certificates for the properties researched in the format approved for the project such as a Limited Title Certificate (LTC). May provide administrative support with the generation of the title reports/certificates. Works closely with the Title Supervisor to ensure the property records are being examined properly and the reports/certificates prepared in the correct format. May scan project documents for indexing and electronic storage in the project database or other locations designated by the client. Assumes additional responsibilities as required.