What does equitable title grant to the purchaser?

Equitable title grants the purchaser the right to purchase the property, which means that the buyer holds a stake in the property even if the legal title has not yet transferred. This concept arises in scenarios where a buyer has entered into a contract to buy real estate; they have a financial interest and certain rights associated with the property during the period leading up to the transfer of legal title.

While the purchaser does not yet possess legal ownership, they do have rights related to the property, such as the ability to benefit from any increases in value and the right to perform certain actions regarding the property, pending the completion of the sale. Equitable title effectively protects the buyer's interests until the deal is finalized and legal title passes, making it an essential concept in real estate transactions.