How is real property transferred?

Real property is transferred through a deed. A deed is a legal document that conveys ownership of real estate from one party to another. It serves as a formal record and must meet specific legal requirements to ensure validity, such as being in writing, signed by the grantor, and often notarized. The deed provides important details, including the description of the property, the names of the parties involved, and any conditions or restrictions associated with the transfer.

In contrast, a bill of sale is used for the transfer of personal property, not real property, which explains why it's not applicable here. An oral agreement might express a desire to transfer property but lacks the legal standing required for such an action, typically necessitating written documentation for enforceability. Lastly, a rental contract pertains to leasing terms and conditions rather than transfer of ownership, making it unsuitable for this context. Thus, the deed is the recognized legal instrument for the transfer of real property, ensuring the transaction is documented and enforceable.