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A deed is the written document which transfers title (ownership) or an interest in real property to another person. The deed must describe the real property, name the party transferring the property (grantor), the party receiving the property (grantee) and be signed and notarized by the grantor.he legal definition of the property being conveyed. This is contained in the deed where the grantor obtained title to the property and should be used in the deed where the grantor conveys the property exactly as written in the grantors deed unless not all of the property is being conveyed. Life Estate.
Share on Google Plus. A deed is a written document that legally transfers property from one person or entity to another. Through a deed, one spouse can give his or her own property to the other, and the property becomes the receiving spouseâs separate property.his is important because through a deed, marital property can become separate property or vice versa, which is an important distinction in a divorce. An interspousal transfer deed can be useful when one spouse has poor credit, and the couple wants to refinance their home.