Which legal document shows title ownership of a property?

Prepare for the New York Real Estate Salesperson Test with interactive multiple choice questions and detailed explanations on each topic. Study effectively and pass your exam with confidence!

The legal document that shows title ownership of a property is the deed. A deed is a formal written document that conveys ownership of real estate from one party to another. It includes key details such as the names of the grantor (the person transferring the property) and the grantee (the person receiving the property), a description of the property, and often the signatures of the involved parties. Once properly executed and recorded with the local government, a deed establishes and proves the ownership of the property in question.

In contrast, a lease is an agreement between a landlord and tenant that grants the tenant the right to use and occupy a property for a specified period in exchange for rent, but it does not convey ownership. A mortgage is a financial agreement that secures a loan for purchasing property, representing a borrower's promise to repay the borrowed amount with interest, but it also does not convey ownership rights. A contract, while essential in real estate transactions (such as a purchase agreement), is a broader term that refers to any legally binding agreement between parties and does not specifically indicate ownership of property.

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