What legal document is often used to transfer interest in real property?

A deed is the legal document specifically utilized to transfer ownership or interest in real property from one party to another. It serves as a formal instrument that conveys title, detailing the rights and responsibilities associated with the property. The deed must be executed and delivered to be effective, and it typically includes necessary information such as the identities of the parties involved, a description of the property, and the signatures of the grantor and grantee.

In the context of real estate transactions, the deed is crucial because it not only symbolizes the transfer of ownership but also creates a public record of that transfer, which is essential for maintaining the integrity of property ownership titles. The different types of deeds, such as warranty deeds or quitclaim deeds, provide further nuance regarding the type of ownership interest being conveyed.

The other options presented do not serve this specific purpose. A title refers to the legal right to own or use the property but does not itself transfer property interest. A power of attorney grants someone the authority to act on behalf of another but does not transfer property ownership. A lease allows for the rental and use of the property but does not convey ownership rights. Understanding the role of a deed in real property transactions is fundamental to navigating any real estate dealings successfully.