What is the Difference Between Deed and Title?
🆚 Go to Comparative Table 🆚The difference between a deed and a title lies in their purpose, form, and the rights they convey. Here is a breakdown of the differences:
- Purpose: A title is a legal right to ownership of a property, while a deed is a legal document that proves you own a property. The title represents the set of rights, known as a "bundle of rights," which includes the right of possession, control, exclusion, enjoyment, and disposition. On the other hand, the deed is the physical document that transfers the title from the seller (grantor) to the buyer (grantee).
- Form: A title is a concept used to discuss ownership of a home, whereas a deed is an actual physical document that proves ownership (or title). The deed is tangible and can be held in your hand, while the title is just a term for the person or persons who own the property.
- Rights: A title grants a person certain rights to a property, such as the right to possess, control, exclude, enjoy, and dispose of it. On the other hand, a deed is the document that transfers, or passes on, the title or the right to ownership.
In summary, a title refers to the ownership of a property, while a deed is the physical document used to prove and transfer that ownership. A title is a concept, whereas a deed is a tangible document that you can hold in your hand.
Comparative Table: Deed vs Title
The main difference between a deed and a title is that a deed is a physical legal document used to transfer ownership or title of a property, while a title is a legal concept that refers to ownership rights. Here is a comparison table highlighting the differences between a deed and a title:
Feature | Deed | Title |
---|---|---|
Definition | A deed is a legal document that transfers ownership or title of a property from one person to another. | A title is a legal concept that refers to the ownership rights associated with a property. |
Physical Document | Yes, a deed is a physical legal document. | No, a title is not a physical document but a conceptual term. |
Recording | After the deed is executed and delivered, it is generally recorded with the appropriate local or state land records office. | Title involves the history of ownership and transfers, which is maintained in public records. |
transfer Mechanism | The deed serves as the mechanism for transferring ownership, containing essential details like the parties' names, a legal description of the property, the consideration (usually the purchase price), and other terms and conditions. | A title is transferred through the use of deeds. |
In summary, a deed is the legal document used to transfer ownership of a property, while a title represents the ownership rights associated with the property. Both concepts are crucial in real estate transactions and should not be confused with each other.
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