What is a green title?

A green title is a term often used in real estate to refer to a property that is freehold and fully owned by the owner, with no mortgage or encumbrances on the title. It typically indicates that the property is not subject to any restrictions or easements that limit its use or development.

Having a green title can offer more flexibility and freedom for the property owner, as they can make changes or improvements to the property without needing approval from any other parties. It also typically means that the property can be sold or transferred more easily, as there are fewer potential obstacles or complications.

Properties with green titles are often considered to be more desirable and valuable than properties with other types of title, such as strata titles or leasehold titles. This is because green titles offer greater security and control over the property, giving the owner more peace of mind and autonomy.