What is the term for a summary of a title's history, including all conveyances and encumbrances?

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The term "Abstract of Title" refers to a comprehensive summary of the history of a property's title. This document encapsulates all conveyances, such as deeds, transfers, and any encumbrances, such as mortgages, easements, or liens that may affect the title. The purpose of the abstract is to provide a concise and clear record of the ownership lineage and any legal claims against the property over time. This information is critical for potential buyers and lenders to assess the validity of the title and to understand any potential risks or issues before completing a transaction.

Other terms listed in the choices have different meanings. For instance, "Chain of Title" refers specifically to the chronological order of property ownership and may not include the details of encumbrances. "Cloud on Title" denotes any claim or issue that may invalidate or impair the title's legitimacy, making it less about the summary of the title's history. "Fee Simple" describes the highest form of ownership in real estate, providing complete control over the property, but does not summarize the title's history or legal encumbrances. Thus, the correct choice is that an "Abstract of Title" encompasses all necessary details about the title's history and related legal claims.

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