An ownership certificate is a legal document that serves as evidence of ownership for an asset or property. It typically includes details such as the owner's name, a description of the asset, and the date of acquisition.
Ownership certificates play a crucial role in various aspects of property management and transactions. They provide legal protection against fraudulent claims and disputes, establish a clear chain of ownership, and facilitate the transfer of property rights. Furthermore, they are essential for obtaining insurance, securing loans, and conducting legal proceedings related to the property.