Friday, February 8, 2008

All About Deeds

Many people unfortunately confuse titles and deeds. They are related, but they are not the same thing. Title refers to the ownership rights to a property, either real property or personal property. So you can have title to a car (personal property) or a condominium (real property).

Note that title ownership is a concept; it is not a piece of paper, although documents can confirm the title. The car's title registration or your property's title abstract is not the title. They are merely evidence of title.

Unlike the concept of title, the deed is tangible. It is usually a piece of paper or other recorded instrument. Deeds are also only used for real property—not personal property. If you want to convey ownership of personal property, such as appliances or tools, you will probably use a "bill of sale" or other similar instrument.

The written deed is used to convey title to real property. Through the deed, the grantor (current owner or seller) gives ownership interest in the subject property to the grantee (buyer or receiver). This article will discuss the following deed elements:

1. Types of deeds

2. Requirements for a valid deed


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