What is the primary function of title deeds in property ownership?

The primary function of title deeds in property ownership is to serve as legal proof of ownership. A title deed is an official document that conveys the ownership rights of a specific property to an individual or entity. It clearly establishes who the rightful owner is and is recognized by law. This legal recognition is crucial in any real estate transaction as it ensures that the owner has the right to sell, lease, or modify the property without interference from others.

While title deeds may contain descriptions of the property, they do not primarily function as a means of detailing market value or property tax obligations. Market values are determined through appraisals or assessments and can change over time, whereas the title deed itself remains a record of ownership. Similarly, property tax obligations are usually defined by local government regulations and statutes, not by the deed itself. Thus, the correct answer reflects the fundamental role of title deeds in affirming property ownership.