What does a title deed represent?

A title deed is fundamentally a legal document that serves to convey property ownership from one party to another. When a property is bought or sold, the title deed is transferred to the new owner, establishing legal rights over the property. This document outlines essential details such as the property description, the names of the parties involved, and any conditions or restrictions that may apply.

Understanding the function of a title deed is crucial in real estate transactions, as it provides evidence of ownership and helps to secure the owner's rights to the property. This is distinct from other options. While a summary of property taxes relates to the financial responsibilities associated with the property, it does not provide ownership rights. An agreement for property leasing outlines the terms of rent but does not confer ownership. Similarly, a registration of property value pertains more to assessing the worth of the property rather than establishing ownership rights. This clarity reinforces why the title deed, as a legal document that conveys property ownership, is the most accurate representation in this context.