What is the primary legal document used to transfer property ownership?

The primary legal document used to transfer property ownership is the deed. A deed is a formal written instrument that conveys title from the seller (grantor) to the buyer (grantee) and must be executed according to specific legal requirements. This document establishes the identity of the parties involved, describes the property being transferred, and is typically signed by the grantor. Upon being recorded in the appropriate government office, it serves as public notice of the change in property ownership.

In contrast, a lease agreement pertains to the rental of property and does not convey ownership rights. A contract for sale outlines the terms between a buyer and seller regarding the sale but does not effectuate the transfer of property; it is essentially a promise to transfer ownership rather than the act itself. A closing statement summarizes the financial aspects and details of a real estate transaction but does not itself execute the transfer of ownership. Therefore, the deed is the definitive document that legally conveys property ownership.