Title deeds can be arranged in different types depending on the nature of the property and how it is used. Whether the property is a land parcel or an independent unit, whether it has been converted to condominium ownership, and whether it is part of a shared structure determines the type of title deed. When looking at a title deed example, many official details are included such as address, block-parcel information, area, property type and owner information.
Today, title deeds can largely be viewed through digital systems. Nevertheless, title deed types continue to have different characteristics within themselves.
The colored title deed era is over
In the past, title deeds were mostly distinguished by their colors. Blue title deeds typically referred to land, while pink title deeds referred to condominium independent units. Since transactions are now conducted in a digital environment, the determining factor is no longer the color of the title deed, but its type and content.
Condominium title deed
A condominium title deed is drawn up after construction of the building is completed and necessary legal permits are obtained. This title deed shows that each independent unit has separate ownership rights. It is considered one of the clearest title deed types in terms of use and sale.
Shared land title deed
In a shared land title deed, the property is registered in the names of multiple people. Each shareholder has a share ratio, but the title deed does not specify which physical portion of the land belongs to whom. For this reason, the boundaries of the purchased portion may not be clear. Especially in land investment, shared structures must be examined carefully.
Joint title deed
A joint title deed means that the property belongs to multiple people in common ownership. Today, this structure is also often called "proportional ownership." Each shareholder has a share ratio, but the right is used jointly over the entire property. For example, owning a 50% share does not mean that a specific portion of the property belongs only to that person.
Land title deed
A land title deed is drawn up for properties with no structures on them. It can be evaluated for different purposes such as investment, agricultural land or zoned land. Before purchasing, it is recommended to separately check the zoning status, whether it is a shared structure, and infrastructure information.
Why is title deed type important?
It is important to examine the title deed type before purchasing a property. Carefully reviewing title deed details when purchasing residential, land or investment properties helps identify potential problems in advance.
