In Tennessee, how is property generally transferred?

In Tennessee, property is generally transferred through a deed. A deed is a legal document that conveys ownership of real estate from one party (the grantor) to another (the grantee). This formal process ensures that the transfer is legally recognized and provides proof of ownership. The deed must be properly executed, which typically includes the signatures of the parties involved and a notary acknowledgment.

Using a deed is important because it not only documents the transfer but also ensures that the transaction complies with state laws and regulations. Deeds can come in various forms, such as warranty deeds, quitclaim deeds, and special warranty deeds, each serving different purposes regarding the guarantees made by the grantor about the title.

While other options suggest methods of property transfer, they do not hold the same legal weight for real estate transactions. Lease agreements pertain to rental situations rather than ownership transfer. A notarized letter is not a standard mechanism for transferring property in Tennessee, as it lacks the formal requirements of a deed. Verbal agreements do not provide the necessary legal documentation and are generally not enforceable in real estate transactions.