What is the term for a legal document transferring ownership of property?

The term "deed" refers to a legal document that officially transfers ownership of property from one party to another. It serves as evidence of the ownership and outlines the specifics of the transaction, including the description of the property and the names of the buyer and seller. A deed is essential in real estate transactions because it is a formal record that ensures the transfer of property rights is legally recognized.

While a "title" often accompanies this process, signifying legal ownership, it isn't a document used for the transfer of ownership itself. "Mortgage" refers to a loan taken out to purchase property, and "lease" pertains to a rental agreement allowing someone to use the property temporarily while the owner retains title. Therefore, the deed is the correct answer as it is the specific instrument that facilitates the transfer of property ownership.