How are Coroza properties titled?
Presently, you can take title to freehold property in Corozal in one of 3 ways. The oldest form of title is taken via a Deed of Conveyance (or Deed of Encumbrance), which originates from the British colonial days. Ownership by Conveyance can be subsequently converted to a Transfer Certificate of Title (TCT) via an application for first registration. A TCT is a physical title, whereas ownership via Conveyance is a registered right to ownership of a particular parcel of land. Either form of ownership is equally secure and merchantable, however it is slightly more costly to transfer title on a TCT than on a Deed of Conveyance.
