deed

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Deed.

A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee.

The form a deed takes varies from place to place, but the overall structure and the provisions it contains are the same. The description of the property being transferred is always included.

When you use a mortgage to purchase the property that's being transferred by deed, you may receive the deed at the time of purchase, with the lender holding a lien on the property. Or the deed may belong to the lender until you have paid off the mortgage.

In either case, a deed's creation must be witnessed and should be recorded with the appropriate local authority to ensure its validity.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

deed

A written document properly signed,acknowledged,and delivered,and bearing a description of specific property and words of conveyance for that property.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
There were two parcels of land subject to caveats where the authorisation from the state government was required for the process of transfer of land titles, he said.
"The service tax regime recognised transfer of land and construction as two distinct activities under a JDA.
The land transfer process began earlier this year after NAAHI submitted an application for the transfer of land to the Cabinet Committee on Trade and Economic Development.
"I have learnt that in Land Department transfer of land by the land mafia in connivance with patwaries has become a routine," said the DC, adding, "I have decided to regularise the procedure of land transfer and make it corruption free." He said an old woman Bibi Jan had come to him with the complaint that his husband had sold seven kanals of land but the Land Department was claming that his husband (who has died) sold 200 kanals.
COMMUNITY groups and organisations in Yardley are being invited to attend a meeting about the transfer of land and buildings in their area.
The Vestals entered the ownership picture in January 1996 in a transfer of land valued at $1,500.
Ltd., part of Volvo Group had signed a Contract for the Transfer of Land Use Rights lease agreement with Shanghai Jinqiao Export Processing Zone.
The court noted that the federal law allowing for the transfer of land contained a clause that the land may revert to the federal government.
I have recently been informed that it would be given in a transfer of land. Would somebody explain this to me?
"The transfer of land ownership of New York's most significant development site solidly sets the foundation for the creation of the world's premier mixed-use complex," said Stephen Ross, Chairman and Chief Executive Officer of The Related Companies, L.P., one of the project's development partners.
(Curiously enough, what may have been the most rapid transfer of land in England since the Norman Conquest goes unmentioned in this book.)
The transaction included the buyout of Dongbu Fine Chemicals Co., Ltd., shares in the joint venture by Uniroyal Chemical and the transfer of land. The companies have shared a 50/50 ownership stake in the joint venture since 1989.

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