In Arizona, property ownership is most commonly transferred by which of the following instruments?

In Arizona, the most common method by which property ownership is transferred is through a warranty deed. A warranty deed is a legal document that conveys title to real property and provides assurances that the grantor holds a valid title, which is free from any liens or encumbrances, except those that are explicitly stated in the deed. This type of deed protects the buyer by offering promises, or covenants, that the title is good and that the grantor will defend the title against any claims.

Using a warranty deed is standard practice because it ensures a higher level of security for the new owner as it guarantees the authenticity of the title. It is the preferred way to transfer real estate ownership, providing both a clear outline of ownership rights and legal protections against future disputes over the title. Other instruments, while important in real estate transactions, do not serve the same purpose as a warranty deed in establishing full ownership rights.