What legal document conveys ownership of real property?

The correct answer, which is a deed, is significant because it is the legal instrument specifically used to transfer ownership of real property from one party to another. A deed represents the formal process by which the seller, also known as the grantor, conveys title to the buyer, referred to as the grantee. This written document includes essential details such as the identities of the parties involved, a description of the property, and the intention to transfer ownership.

When a deed is executed and delivered, it legally operates to transfer title to the property, making the grantee the new owner. The importance of a deed in real estate law cannot be understated, as it serves as the official record of ownership, which can be relied upon in legal matters regarding property rights.

In contrast, a lease agreement outlines the terms under which a tenant may occupy a property but does not transfer ownership. A mortgage, on the other hand, is a financial document that secures a loan with the property; it allows a lender to claim the property if the borrower fails to repay the loan but does not convey ownership. A title report is a document that provides information about a property's legal ownership and any existing liens or encumbrances but does not itself convey ownership. Thus, the deed