What is the primary purpose of a deed?

The primary purpose of a deed is to transfer ownership or interest in a property from one party to another. A deed is a legal document that outlines the specifics of the transfer, including the properties being conveyed, the identities of the parties involved, and any terms related to the transfer. This document serves as proof that ownership has changed hands and is essential for establishing the legal rights of the new owner.

Understanding this function is fundamental in real estate, as ownership transfer is a core aspect of property transactions. The act of using a deed ensures that there is an official record of the ownership, which is necessary for any future sales, financing, or legal considerations regarding the property.

In contrast, appraising property values for tax assessments involves determining the estimated value of a property, which is unrelated to the transfer of ownership. Establishing zoning regulations pertains to land use and how properties can be developed or modified but does not involve ownership transfer. Creating easements is related to granting specific use rights over a property rather than transferring ownership of the property itself. Therefore, the role of a deed in the transfer of property ownership stands out as the primary and most significant purpose.