What is a deed and what are three common types used in NY real estate transactions?

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A deed is the document that transfers ownership of real property by conveying title from the seller to the buyer, not merely giving possession. In New York real estate transactions, three common types are used. A general warranty deed provides broad protections, promising that the title is free of defects from the origin of ownership and that the grantor will defend against any claims. A special warranty deed offers protection only for issues that arose during the grantor’s period of ownership, not for problems that happened earlier. A quitclaim deed transfers whatever interest the grantor has, if any, but carries no warranties about the title, making it the least protective option for a buyer.

Deed transfers title, not possession or liens or financing; a lease, license, or easement relates to use or rights of occupancy, while liens and mortgages involve encumbrances or debt.