A Property Deed establishes the right to claim ownership of specific Property.
Property ownership changes include the transfer of a Property Deed from a seller (called the Grantor) to a buyer (called the Grantee).
Every state uses a few different types of Property Deeds but they all include some common information about the Property including:
There are a few different kinds of Property Deeds.
The different types are used to facilitate Property ownership transfer under the various conditions which may arise between a seller and a buyer.
Most, but not all, Property Deeds are recorded.
- A description of the Property described in a way that it cannot be confused with another Property
- The names of both the seller and buyer of the Property
- The official date of the Property transfer
Real Property is Property that includes land and buildings, and anything affixed to the land. Real Property only includes those structures that are affixed to the land, not those which can be removed, such as equipment and portable sheds.