What is a deed and what does it transfer?

A deed is a legal document that serves as evidence of the transfer of title to real estate from one party to another. It formally conveys ownership of the property, ensuring that the new owner has legal rights to the property. The key aspect of a deed is that it is used to document the change in ownership, which is essential in real estate transactions.

The deed typically includes important information such as the names of the parties involved, a description of the property, and signatures to validate the transaction. This process of transferring title is fundamental in real estate, as it solidifies the legal standing of the new owner regarding the property. Understanding the role and function of a deed is crucial for anyone involved in real estate, as it plays a central role in defining property rights and ownership.