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Understanding Deeds: Legal Essentials

A deed is a signed legal document that transfers ownership of an asset but may impose conditions. It transfers title from one party to another, such as from a person or company selling property. For a deed to be valid, it must state that it is a deed, convey privileges to someone, and be executed in the presence of witnesses. It must also be delivered to and accepted by the recipient. Once filed with the local government, a deed becomes a legally binding document for transferring ownership of real property.

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Kiran Venugopal
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182 views2 pages

Understanding Deeds: Legal Essentials

A deed is a signed legal document that transfers ownership of an asset but may impose conditions. It transfers title from one party to another, such as from a person or company selling property. For a deed to be valid, it must state that it is a deed, convey privileges to someone, and be executed in the presence of witnesses. It must also be delivered to and accepted by the recipient. Once filed with the local government, a deed becomes a legally binding document for transferring ownership of real property.

Uploaded by

Kiran Venugopal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DEED

A deed is a signed legal document that grants its holder ownership


to an asset but may set a number of conditions on the transfer of
the title. The deed is not a title. A deed meaning is a vehicle for
transferring a title, interest, right.

SALE DEED=>The purpose of a deed is to transfer a title, the legal


ownership of a property or asset.
Usually from one person or company to another

Requirements of a dee
For a deed to be valid and enforceable, a deed must meet the following
requirements
• It must state on its face that it is a deed, using wording like
“This Deed…” or “executed as a deed”
• It must indicate that the instrument itself conveys some
privilege or thing to someone
• The grantor must have the legal ability to grant the thing or
privilege, and the grantee must have the legal capacity to receive it
• A grantor executes it in presence of a number of witnesses or
‘instrumentary witnesses’ (Thus it is now in solemn form)
• In some jurisdictions, a deed requires a seal. Originally, person
related to the deed and signatures did not need to sign if deeds had a
seal, but that is not the case anymore in most jurisdictions. So the
signatures of the grantor and witnesses are primary
• It must be delivered to (delivery) and, in some jurisdictions,
accepted by the grantee (acceptance
The conditions attached to the acceptance of a deed are known as
covenants.
 

In other words, a deed to real property must be properly led with the


local government. Without this, its owner will not be able to sell it,
re nance it, or obtain a line of credit on it. This is usually done by the
property buyer’s attorney or title insurance company.
A deed is considered a binding document in a court of law only once it is
led in the public record. This task is usually performed by a local
government of cial who is given the responsibility of maintaining
documents. Without a properly led deed, the sale of ats may be
considered illegal

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