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A clearance letter is a legal document issued by the bank stating that you have paid off all outstanding dues with reference to a loan or credit card. A clearance letter clears you of one liability.

Having a clearance certificate confirms that an estate of a person who died, trust, or corporation has paid all amounts of income tax and GST/HST, interest, and penalties it owed at the time the certificate was issued, or that the Minister of National Revenue has accepted security for the payment.

A clear title means a property title that verifies the ownership of a property without any form of disputes and liens. Issued by the local governing authority of a state, the title clearance certificate is proof confirming no debt or border encroachment is associated with it and is clear of all kinds of encumbrances.

Absolute sale deed and title deed - The sale deed or title deed is the most important document that records the actual transfer of ownership of the property.

A certificate of title is an official state or municipal-issued document that identifies the owner(s) of personal or real property. A certificate of title provides documentary evidence of the right of ownership.

How Do You Do a Title Search? Title searches are normally conducted using a title company. This company is responsible for searching through public records to see if there are any liens against a property. The company is commonly hired during the sale and purchase of a home and may also assist in the closing process.

Qualified titles are granted where there is some specific defect that has been identified and this is stated in the register. These are even rarer than possessory titles.