Which document provides assurance of property ownership rights?

The document that provides assurance of property ownership rights is a warranty deed. A warranty deed is a legal instrument that conveys real estate from one party to another and guarantees that the grantor holds clear title to the property and has the right to sell it. This type of deed offers the highest level of protection to the buyer because it not only transfers ownership but also includes warranties that protection against any claims or disputes regarding the title.

Specifically, a warranty deed ensures that the property is free from any liens or encumbrances that might affect the buyer's use of the property. It typically contains covenants, which are promises made by the grantor, assuring the grantee of their legal ownership and the absence of any issues that could jeopardize the title.

In contrast, other documents serve different purposes. For instance, a lease agreement is a contract that allows one party to use another's property for a specified period in exchange for rent, but it does not convey ownership rights. A quitclaim deed transfers any interest the grantor may have in the property without warranties, effectively offering no assurance regarding the ownership rights. An affidavit is a written statement confirmed by oath or affirmation, serving various legal purposes, but it does not itself convey any ownership rights or guarantees.