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A deed is a document that transfers the title to property from one owner to another. It describes the property being transferred and names all parties to the transaction. It is signed by all parties and is filed on the official record.

Essential Elements of a Valid Deed Use of the proper statutory form of deed. Competent parties: grantor and grantee. Words of grant or operative words of conveyance. Sufficient description of the property to be conveyed. Proper execution. Delivery and acceptance.

Each kind of deed has a different legal status. To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register.

A: An unrecorded deed is valid between the parties in it, but third parties are not bound, and any recording done before the deed is recorded has priority.

You can record property-related documents in person or online. To register a document, you must create a cover page in ACRIS, and submit document, supporting documents, and pay fees and taxes (if necessary). Learn more about recording documents, including required documentation and fees online.

A New York deed must have a statement of consideration that says that the new owner is providing value in exchange for the property. Deeds often state nominal consideration within the deed's transfer language and set forth the actual consideration in the transfer tax affidavit that accompanies the deed.

Examples of a deed are deeds of hypothecation for creating charge on movable properties in favour of the banks/financial institutions etc. An agreement by its name suggests that there should be at least two parties signing/approving the same. Examples of an agreement are agreement to sale, loan agreement etc.