Typically refers to the “fee simple title” to an interest in real property, or the possession and right to permanent use of a piece of personal property. In addition to title vested in individuals, ownership of real property may be held by a trustee, a partnership, a corporation, a conservator of the estate, or the executive of a will or administrator of estate. The right to exercise the incidents of ownership (such as the right to vote) depends on the manner in which title to the real property is held. An “owner of record” is a person whose title is evidenced by a recorded instrument, usually a deed.