A written agreement, in proper legal form, that conveys title to or an interest in realty in known as a
deed
deed.
A deed is a legal document that is used to transfer the right of ownership or interest in a real estate property from one party to another. The deed contains specific details about the property such as a description of the property, the names of the parties involved in the transaction, the consideration paid for the property (if any), and any restrictions or encumbrances on the property.
Having a properly executed deed is critical for any property transaction as it establishes the legal ownership of the property. The person or entity that is transferring their ownership rights is known as the grantor and the person or entity receiving the ownership rights is known as the grantee.
In order to ensure that the transfer of ownership is valid and legally binding, the deed must be signed by both the grantor and grantee, witnessed and/or notarized, and recorded with the appropriate government agency.
Overall, a properly executed deed is a necessary legal document for any real estate transaction.
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