What is a common form of proof of ownership of property?

A common form of proof of ownership of property is an abstract of title. An abstract of title is a comprehensive summary of the legal history of a property, including all recorded documents that affect the title, such as deeds, mortgages, wills, and any claims or liens against the property. This document provides a clear and concise record of ownership and reflects the chain of title, showcasing how ownership has changed over the years.

The other options serve different purposes within real estate transactions. A lease agreement establishes a contractual relationship between a landlord and a tenant, granting the tenant the right to occupy the property temporarily, but it does not prove ownership. A deed of trust is a financing document that secures a loan with the property as collateral, rather than serving as proof of outright ownership. A sales contract outlines the terms and conditions for the transfer of property ownership but does not provide evidence of ownership until the sale is completed and the title is conveyed.

In summary, the abstract of title is essential as it provides a legally verified record of property ownership, making it a valuable tool for buyers, sellers, and title companies during real estate transactions.