Which document is often required to transfer ownership of a property?

The deed is the document that is central to the transfer of ownership of a property. It serves as the legal instrument that conveys the title from one party to another. When a deed is executed, it typically includes essential information such as the names of the grantor (seller) and grantee (buyer), a legal description of the property, and the signatures of the parties involved.

Once a deed is executed and delivered, it must also be recorded in the local government office to provide public notice of the new ownership. This recording helps protect the new owner's right to the property and establishes a clear chain of title.

While a purchase agreement outlines the terms of the sale and sets forth the agreement between the buyer and seller, it does not actually complete the transfer of ownership. Similarly, a title report provides important information about the property's ownership history and any liens or encumbrances but does not facilitate the transfer itself. A statement of intent, while possibly useful in some contexts, lacks the legal weight necessary to transfer property ownership. Therefore, the deed stands out as the essential document for transferring ownership, making it the correct answer.