What does "good title" mean?

"Good title" refers to a title that is free from liens, encumbrances, and legal defects, meaning it is a clean and marketable title that can be legally transferred to a new owner without any obstacles. This condition assures potential buyers or lenders that there are no outstanding claims against the property that could compromise their interest in it. A good title provides confidence in ownership, ensuring that the rightful owner has the legal right to sell or mortgage the property without any disputes.

While the other options touch on various aspects of title, they do not accurately capture the essence of what constitutes a "good title." For example, a warranty of ownership suggests a promise about the title rather than describing its status. A title being transferred multiple times doesn't necessarily imply it is clear of issues; in fact, such history may invite complications or concerns about the title's validity. Lastly, a title granted under a lease agreement relates to a specific arrangement for rental rather than ownership rights, and therefore does not align with the definition of "good title."