Property Transfer Document

A Property Transfer Document is a legal record that officially transfers ownership of real estate from one party to another. This document includes details such as the names of the buyer and seller, a description of the property, and any terms of the sale. It is usually signed during the closing process and must be filed with local government authorities to make the transfer public. This ensures that the new owner has legal rights to the property, protecting them against claims from others. Essentially, it formalizes the change in ownership.