What legal document typically provides a description of property agreements between parties?

The legal document that typically provides a description of property agreements between parties is often referred to as a Declaration. A Declaration is a formal statement that outlines the terms, conditions, and intentions of the parties involved in a property agreement. It serves as an essential document in various real estate transactions, particularly in situations involving homeowners' associations, condominiums, or housing developments, where specific rules and definitions about property use are established.

In contrast, while a Warranty Deed is crucial for transferring ownership of property, it primarily serves to guarantee that the title is clear, rather than detailing agreements between parties. A Contract of Sale outlines the specific terms of the sale, including price and contingencies, but does not encapsulate broader property agreements beyond the sale itself. An Option to Purchase gives a party the right to buy property at a later date under specified conditions, which does not encompass the overall agreements between the parties involved. Thus, the Declaration is the most appropriate document for summarizing property agreements comprehensively.