Which document details the legal ownership and assessment information of a property?

The title policy is a crucial document in the context of real estate and title insurance as it serves as proof of title and protects the lender and/or property owner against potential title defects or claims. This document not only confirms legal ownership of the property but also provides details regarding any restrictions, liens, or encumbrances that may affect the property. Additionally, the title policy ensures that the buyer or lender has legal recourse if challenges arise concerning ownership or claims against the property after the sale.

Though other documents like a title commitment, surveyor's certificate, and legal description serve important roles in the process, they do not encapsulate the same extent of ownership and assessment information as the title policy. The title commitment outlines the conditions under which the title company will issue the title insurance; the surveyor's certificate provides details about the property’s boundaries; and the legal description identifies the property by its legal parameters but does not confirm ownership or protect against future title issues. Thus, the title policy stands out as the definitive document concerning legal ownership and assessment information for any real estate transaction.