Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Full Definition
A deed is the formal written instrument used to convey (transfer) ownership of real property. For a deed to be valid, it must include: the names of the grantor (seller/current owner) and grantee (buyer/new owner), words of conveyance (granting clause), an adequate legal description of the property, the grantor's signature and notarization, and delivery and acceptance by the grantee. Common deed types include: General Warranty Deed (grantor warrants title against all defects, even before grantor's ownership — the strongest protection for buyers), Special Warranty Deed (grantor warrants only against defects created during their ownership), Quitclaim Deed (no warranties — only conveys whatever interest the grantor holds, if any), and Bargain and Sale Deed (conveys ownership but makes no warranty about title defects).
Real-World Example
At closing, the seller signs a general warranty deed transferring full ownership of 123 Main Street to the buyer, warranting that the title is clear of all defects.
How Deed Appears on the Real Estate Exam
Common question types, tested concepts, and what to watch out for
Know the four main deed types and their warranty levels (General Warranty = most protection; Quitclaim = no protection). A deed is void without delivery and acceptance. Recording the deed protects against third-party claims but is not required for the conveyance to be effective between the parties.
Related Terms
More Title & Ownership Terms
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