What does a deed represent in real estate?

A deed represents evidence of title in real estate transactions. It is a legal document that conveys ownership of property from one party to another. When a property is sold or transferred, the deed serves as proof that the seller has the right to transfer ownership and that the buyer is the new owner of the property. The deed includes important details, such as the names of the parties involved, a description of the property, and the signature of the grantor (seller), making it essential for establishing legal title.

Understanding what a deed signifies is crucial for anyone involved in real estate, as it is foundational to the process of property ownership and transactions. Other documents, such as lease agreements, focus on rental arrangements rather than ownership; planning documents are concerned with development regulations; and tax assessment documents relate to property value assessments for taxation purposes, rather than directly transferring ownership rights.