What is another term for "equitable interest" in a property transaction?

"Equitable interest" in a property transaction refers to the rights held by a person to benefit from a property, even if they do not hold legal title to it. This typically arises when an individual has a stake in a property due to agreements or other interests, such as in trusts or mortgages.

The term "equitable title" specifically denotes this situation, indicating a person's beneficial interest in the property. While they may not have formal ownership (legal title), they still possess the rights and benefits associated with property ownership. This concept is fundamental in property law, as it emphasizes the distinction between who has legal possession of a property and who has the right to benefit from it.

In contrast, the other terms do not accurately represent this nuanced ownership status. "Owner's title" typically pertains to those holding legal title, "transfer title" relates to the conveyance of legal ownership, and "legal title" refers to the formal grant of ownership recognized by law, which does not encompass the rights associated with equitable interests. Hence, "equitable title" is the most precise term for describing "equitable interest."