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- Deed vs Title, What's the Difference
Deed vs Title, What's the Difference
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In real estate, a deed and a title are related but distinct concepts.
Deed: A deed is a physical, legal document that transfers ownership of property from one party to another. It includes details about the property and the parties involved in the transaction. Once signed and delivered, it serves as proof of ownership.
Title: A title is not a physical document but a legal concept. It represents the rights of ownership and possession of the property. Holding the title means you have the legal rights to use, modify, or sell the property.
In summary, the deed is the document that transfers ownership, while the title is the legal right to own and use the property.
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