Deed
Standard Definition
A written legal instrument that transfers ownership of real property from the grantor (seller) to the grantee (buyer).
Detailed Examination Analysis
A deed is the physical legal document used to convey title to real estate. To be legally valid, a deed must be in writing, have a competent grantor, identify a grantee, contain a legal description of the property, include words of conveyance, be signed by the grantor, and be delivered to and accepted by the grantee. Recording the deed at the county clerk's office is not legally required to transfer title, but it is highly recommended to protect the buyer's interests.
Real-World Examination Scenario
"At the closing table, the seller signs a General Warranty Deed transferring ownership of the home to the buyer. Once the deed is signed and handed to the buyer, title has been legally conveyed."
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