We understand how frustrating it can be to search for a home in Austin. Half the battle is learning the key terms and what they mean in regards to Texas real estate. So each week we bring you Key Term Tuesday – our way of helping you decode the industry jargon that keeps you from owning your home search.
What is a Deed?
Deed – a legal term referring to the document that is used as evidence of ownership.
In real estate, the deed is the document created to prove to the world that a certain person (Natural Person or Legal Corporation/Partnership) owns a specific piece of real estate. The owner can then use this document to give notice of their right of ownership to the world by recording the deed with the County Recorder’s Office in the county in which the property is located. In this way, even if the original deed is lost, the owner can prove that they legally own the property.
The term deed is sometimes mixed up with the term title.
Title is the term used to convey that someone has legal ownership. It is an ideal, or a recognized legal concept, but the deed is the physical manifestation of that idea.
Simply: having title means you own it, having a deed shows you own it.
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