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Definition - What does Deed mean?

A deed is a document which reflects the ownership of real property. When one party wishes to give the ownership of the property to another party, they sign it over to the other party in the deed. After the proper legal procedures are followed, the property then officially belongs to the receiving party.

Justipedia explains Deed

Deeds are essentially a way to officially transfer ownership of property. One party could give property to another party without a deed, say in an oral agreement. However, the deed serves the purpose of proving in a legal document that the original owner gave the rights to the property to the new owner. If there were no deeds, then anyone could just claim that they owned certain properties. So, deeds serve the purpose of allowing the true owner to prove their claim to the property.

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