What is the written document called that transfers property rights from the grantor to the grantee?

The written document that transfers property rights from the grantor to the grantee is known as a deed. A deed serves as a legal instrument recognized by law that establishes the transfer of ownership of real property. It contains important details such as the names of the parties involved, a description of the property being transferred, and signatures to validate the transaction.

Understanding the role of a deed is essential in real estate transactions because it formalizes the ownership transfer and provides evidence of title. This document is crucial for the grantee, as it serves to prove their legal ownership of the property, which can be important for future transactions, financing, or legal matters.

Other options do not perform this specific function. A contract is a broader agreement that can outline various types of agreements, but it doesn’t necessarily convey property rights. A lease deals with the rental of property rather than the transfer of ownership. An agreement is also a general term that lacks the specificity of a deed in property transfers. Thus, the deed is the appropriate term for the document transferring property rights.