Which legal document conveys ownership from grantor to grantee?

Study for the New Jersey Title Insurance Producer Exam. Study with flashcards and multiple-choice questions, each question has hints and explanations. Get ready for your exam!

The legal document that conveys ownership from the grantor to the grantee is a deed. A deed serves as a formal written instrument that transfers title or an interest in real property from one party to another. It contains essential elements such as the names of the parties involved, a description of the property, and the signature of the grantor. This is critical for establishing and documenting the sale or transfer of real estate, ensuring that there is a clear legal record of ownership.

In contrast, a trust agreement outlines the terms of a trust, detailing how assets held in that trust are managed and eventually distributed; it does not directly transfer ownership. A will is a legal document that specifies how a person's assets should be distributed upon their death but does not convey ownership until probate occurs. Meanwhile, a partnership agreement is a contract amongst business partners outlining their roles, responsibilities, and ownership interests in the partnership, without directly transferring property ownership. Thus, the deed aptly fulfills the requirement of transferring ownership in a straightforward manner.

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