Which of the following best describes a property title?

A property title is fundamentally a legal document that establishes and verifies ownership of a specific piece of real estate. When someone holds the title to a property, they possess the rightful claim to that property, which can include rights to occupy, sell, or lease it. This documentation is crucial in real estate transactions because it outlines the owner’s legal rights and can help to prevent disputes regarding ownership.

The other options do not accurately capture the essence of what a property title represents. An outline of financial obligations may relate to mortgages or loans associated with the property but does not define ownership. A contract for sale pertains to the agreement outlining the sale of the property but is not the title itself. A list of property features might detail attributes such as size, amenities, and condition but does not represent ownership. Thus, the best description of a property title is that it is a document that proves ownership.