A property deed is a legal document that officially transfers ownership of real estate from one person or entity 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. The deed must be signed and often notarized to be valid. There are different types of property deeds, such as warranty deeds and quitclaim deeds, each serving different purposes. 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.