What document is commonly used to transfer property ownership from one party to another?

A deed is the legal document specifically used to transfer ownership of real property from one party to another. It contains important information, such as the names of the buyer and seller, a description of the property being transferred, and the signature of the grantor (the person transferring the property). The deed must be appropriately executed and delivered to the grantee (the person receiving the property) for the transfer of ownership to be legally effective.

On the other hand, a title is not a document but rather evidence of ownership. A lease is a contract that allows a tenant to use property temporarily under specified conditions, but it does not transfer ownership. A mortgage is a financial agreement where a borrower uses property as collateral for a loan, which also does not involve the transfer of ownership but rather secures a loan with the property. Therefore, among the options presented, the deed is the definitive and appropriate instrument for transferring property ownership.