What is the primary function of a deed in real estate?

The primary function of a deed in real estate is to convey ownership of property. A deed is a legal document that transfers title from one person or entity to another. It serves as proof of ownership and outlines the rights of the new owner in relation to the property. The deed contains important details such as the names of the parties involved, a description of the property, and the signature of the grantor (the person transferring the property).

While documents related to mortgages, rental terms, and property taxes are important in real estate transactions, they do not serve the same purpose as a deed. A mortgage agreement establishes the terms of a loan secured by the property, rental agreements dictate the terms of tenancy, and property tax records are administrative documents related to taxation. However, only a deed is specifically designed to establish and transfer ownership rights in real estate.