An abstract of title is a record of the chronological history of legal documentation handed from property or asset owner to owner. These documents may include titles, transfers, and claims against the property. When reading the document, you will likely begin with the original grant deed. This will include all subsequent changes in ownership as well as a history of claims. Namely, easements encroachments, encumbrances, liens, restrictions, litigations, and tax sales. Unless the abstract of title has been lost for some reason, most prospective buyers will receive a copy of an abstract of title before negotiating a purchase. Likewise, each property owner should maintain a copy of their abstract of title as it can be fairly costly to replace.