Which term refers to a legal document that transfers property ownership?

A deed is the correct term that refers to a legal document used to transfer property ownership. This document provides a written record of the transfer and contains important information such as the identities of the granter (the person transferring the property) and the grantee (the person receiving the property), as well as a description of the property being conveyed. The deed must be signed and typically witnessed to be valid, and it is often recorded with local government authorities to provide public notice of the property transfer.

In contrast, a lease is a legal agreement that grants a tenant the right to use property for a specified period in exchange for rent, rather than transferring ownership. A title is more of a concept that refers to one's legal ownership of a property but is not a document that facilitates transfer. A contract is a broader legal term that can refer to any agreement between parties but does not specifically relate to property ownership transfers. Thus, among the options provided, a deed specifically pertains to the transaction that conveys ownership of real property.