A deed is primarily used for what purpose?

A deed is primarily used to transfer title, meaning it conveys ownership of real property from one party to another. When a seller executes a deed, they are formally recording how ownership is passed on, making it a crucial document in real estate transactions. The deed contains the necessary details, such as the names of the parties involved, a description of the property, and the signature of the grantor (the person transferring ownership).

This function of the deed is fundamental in establishing clear and legal ownership, which is essential for protecting rights related to real property. In contrast, other documents mentioned in the options serve different purposes: a rental agreement is used to outline terms for rental situations, a lease formalizes the rental relationship but does not transfer ownership, and a loan document is related to financing rather than ownership transfer.