Understanding Deeds: Legal Documents Used for Property Transfers and Asset Ownership

The definition of a deed

Written agreements, in proper legal form, that convey title to or an interest in realty and, when property signed and delivered, give evidence of these facts as well as describing the location of the property.

A deed, in legal terms, refers to a legal document in writing that is used to transfer the ownership of a piece of property or asset from one person to another. This document is a legal proof of transfer, and it usually includes the names of the original owner and the new owner, the description of the property or asset being transferred, and any restrictions or covenants that need to be applied to the property. A deed is typically used when real estate property is bought or sold, or when there is a transfer of other types of assets such as vehicles, boats, or intellectual property. Deeds need to be properly executed, signed, and witnessed in order for the transfer to be considered legally valid.

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