A property deed is a legal document that transfers ownership of real estate from one party to another. It includes important details such as the names of the buyer and seller, a description of the property, and any conditions of the sale. Deeds are essential for establishing clear ownership and are often recorded in public records to protect the rights of the new owner. There are different types of property deeds, including warranty deeds and quitclaim deeds. A warranty deed guarantees that the seller has clear title to the property, while a quitclaim deed transfers whatever interest the seller has without any guarantees. Understanding these differences is crucial for anyone involved in real estate transactions.