What document transfers ownership from the seller to the buyer?

The correct answer is the deed, as it is the legal document specifically designed to transfer ownership of real property from one party (the seller) to another (the buyer). This document contains essential details such as the description of the property, the names of the parties involved, and the signatures required to formalize the transfer.

When a deed is executed and delivered, it legally conveys the title, which is the right to ownership of the property. It's important to note that while a sale agreement outlines the terms of the sale, it does not by itself transfer ownership. The title refers to the legal concept of ownership but is not a document that effects the transfer. A lease, on the other hand, pertains to the rental of property and does not involve ownership transfer. Therefore, the deed is the key document that accomplishes the transfer of title and ownership in real estate transactions.