What is the function of a legal title?

The function of a legal title is to provide ownership rights. A legal title establishes who has legal ownership of a property or asset, which is essential in transactions such as real estate. This means that the holder of the title has the rights to control, use, and transfer the property as per the applicable laws. Without a proper legal title, disputes regarding ownership may arise, and individuals might face challenges in asserting their rights or transferring the ownership to another party.

The other options do not accurately reflect the primary function of a legal title. While legal opinions, rental agreements, and loan approvals pertain to different areas of law and transactions, they do not relate directly to the essential role of a legal title in establishing ownership rights.