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A deed is a document by which
interest in real estate is transferred. Deeds must be in writing and must
contain, at a minimum, the names of the grantor and grantee, consideration (if
any), a description of the property, language that connotes intention to convey
and the signature of the grantor.
Deeds can convey complete
interests in property or partial interests, such as interests limited in time,
space or usage. Deeds can also be used to convey “easements” (which are rights
to use property) and liens, such as mortgage interests.
Types of deeds include
warranty deeds and quitclaim deeds. Warranty deeds guarantee certain elements,
such as that the title conveyed is valid and marketable. Quitclaim deeds
expressly disclaim any and all such warranties.