Deed Definition: A deed refers to an agreement, a legal document signed and transfers ownership of an asset, usually a house or property, from one person or party to another. The transfer of ownership is commonly done with a deed, which provides the details of this transfer.
A deed’s primary purpose is transferring a title, and this document must be filed with local authorities or government and prepared by the buyer’s attorney. Deeds must be entered into the public record and notarized. Various types of deeds are available, including a warranty deed, quitclaim deed, and grant deed.
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