What is a primary function of a deed?

A primary function of a deed is transferring ownership of property. A deed is a legal document that conveys the title of real property from one party to another. When a deed is executed and delivered, it signifies the grantor's intention to relinquish ownership and transfer it to the grantee. This transfer of ownership is crucial in real estate transactions, as it establishes the legal rights and responsibilities associated with the property in question.

While financing options, property tax calculations, and planning for property improvements are important aspects of real estate transactions, they are not functions associated with the deed itself. The deed’s primary role is specifically the formalized transfer of title, making it foundational to property ownership and transactions.