What is the purpose of a deed?

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Real Estate FAQ

Q: What is the purpose of a deed?

A: Deeds identify the record owner of real estate and are necessary to transfer ownership of real estate. A deed contains the names of the old and new owners, a legal description of the property and is signed by the person transferring the property. Different kinds of deeds, such as a warranty deed and a quit claim deed, provide the purchase with different rights. For example, a seller conveying property by a general warranty deed assures good and marketable title to the buyer and will defend the tile to the property from all persons. In contrast, a seller conveying property by a quit claim deed conveys only what title the seller may have to the property, with no warranty of ownership or defects in the title.

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