A deed is a legal document that transfers ownership of property from a seller to a buyer. Both the seller and buyer need to sign the deed, and the deed must be recorded in the public records of the local county government. A deed needs to state who the seller is (also called the "grantor") and who the buyer is (also called the "grantee"). It must contain a sufficient description of the house and property, including property lines. Finally, a deed needs to comply with the laws in the community in which the property is located.