The ability to sell or transfer the property freely in the marketplace is known as ___________________.

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16-08-2022
Business

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The ability to sell or transfer the property freely in the marketplace is known as ___________________.

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QWCyan QWCyan · Answer 1 · 2022-08-19T19:13:01+02:00

The ability to buy and sell or transfer property in the marketplace without any hindrances is called transferability. Transferability is present when the property has a clear title in its name free from any kind of hiccups. Only when the title of the property is good will the seller be able to enjoy the benefits of the property transferred.

The property should have a clear title and not even that there should not be any kinds of external problems also. For example, the watchman of the building should also be instructed that the property is being sold or transferred so that he does not create a problem for the new owner later. Not only the new owner even the previous owner should be satisfied.

A good sale of the property is one in which there are no problems in the future regarding the sales that took place. For this, the property should be easily transferrable from one person to another.