An ownership deed is a legal document that proves a person or entity has rights to a specific property, such as land or a house. This document includes important details like the names of the owner(s), a description of the property, and any conditions or restrictions related to the ownership. When a property is bought or sold, the ownership deed is transferred from the seller to the buyer, ensuring that the new owner has clear title to the property. Properly recording the deed with the local government is essential to protect ownership rights and provide public notice of the transaction.