Which document is typically used to transfer ownership of real property?

The correct answer is the deed, as it is the legal document specifically used to transfer ownership of real property from one party to another. A deed serves as evidence of the transfer and includes essential information 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 the signatures of the parties involved.

While a title report provides important details regarding the ownership history and any issues related to the title, it does not itself transfer ownership. The contract of sale outlines the terms and conditions of the sale agreement but does not transfer ownership; rather, it is the deed that fulfills this role after the sale is completed. A lease agreement is primarily for rental purposes and does not pertain to the transfer of ownership, as it allows one party to use the property without transferring ownership rights.