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Deed

Definition of 'Deed'

A deed is a legal document through which one individual (the grantor) conveys a privilege - usually an ownership title - to another individual (the grantee). The most common deeds concern ownership of property or automobiles.

What is a property 'Deed':

Even if through a deed an individual gains ownership over a property, there are certain deed restrictions, usually initiated by the property developers, which govern the way in which the property will be developed. Restrictions usually refer to how much can be built on the land and what materials should be used so that the neighborhood doesn't suffer too radical a change in appearance.

Example:

Here's a real-life example from one of the properties researched on PropertyShark:

The deed shows that on 2/17/2005 M. Miller LLC sold the property to Votvot Inc. for the amount of $125,000.

References:
http://homebuying.about.com/cs/deedrestrictions/a/restrictions.htm
http://www.investopedia.com/terms/d/deed.asp

Disclaimer:
The glossary is intended to provide real estate professionals and home buyers with a basic understanding of various specialized terms related to legal rights over a property. All terms appear in public records such as ACRIS. We do not take responsibility for the legal accuracy of the definitions provided and ask that use of these explanations in a legal setting be made only after checking with a lawyer or another specialist in the field.