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.

deed

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

References in periodicals archive ?
Buyers are reluctant to purchase a property without a title deed as they can not be certain whether the building complies to the permits issued.
when the title deed for the unit is ready to be issued.
The Land Department (DLD) is imposing fines of up to Dh10,000 per unit on developers who have not issued title deeds to investors.
Mr Mithaiwala expects prospective buyers to be encouraged by the availability and immediate transfer of title deeds.
But that implies that there is a pre-existing title deed.
Fontana, a four-tower luxurious living project on the Juffair waterfront in Bahrain, said it has started delivering of the freehold apartment title deeds to its customers.
The residents had petitioned Parliament through their MP George Theuri about City Hall's failure to issues title deeds for a tenancy scheme dating back to 1976.
The head of the land registry had been granted the authority to exempt, eliminate, transfer and cancel mortgages and or other encumbrances, depending on the case and under certain conditions, as the state sought to sort out the title deed mess.
EuztE-rk defined the Turkey's land as "the basic and irreplaceable element of national sovereignty" and argued that the law changing title deed regulations has nothing to do with the interests of the nation and public welfare.
The title deed is not only proof of ownership but also a catalyst to economic empowerment as it can be used to get loans," said Governor Kinyanjui.LAND DISPUTESThe ongoing titling programme is being undertaken by the county in conjunction with the national government.
The post Amendments to clear title deed mess edge closer to House vote appeared first on Cyprus Mail .