What is a "deed"?

A deed is a legal document that conveys ownership of real property from one party to another. This document serves as the official record that transfers the rights of ownership in the property, ensuring that the new owner has the legal authority to possess, use, and manage the property. The deed typically contains vital information such as the names of the grantor (the person or entity transferring the property) and the grantee (the person or entity receiving the property), a description of the property, and any relevant terms or conditions associated with the transfer.

The other options address different aspects of real estate transactions but do not accurately define what a deed is. A contract for rental of a property pertains to leasing, which establishes the terms under which one party can utilize property owned by another party without transferring ownership. A document outlining property taxes relates to taxation and assessments on properties, which is separate from the legal ownership itself. An agreement for loans against property involves financing and mortgages, focusing on borrowing against the value of the property rather than the transfer of ownership rights.