A Deed of Gift of Real Property is a legal document used to transfer the ownership of real estate, such as land, buildings, and other immovable property, from one party to another. This type of deed is also known as a gift deed, deed of conveyance, or deed of transfer. The gift deed must be signed by both the donor (the party transferring the ownership) and the recipient (the party receiving the ownership). The deed must also be notarized and officially recorded in the county where the real estate is located. There are two main types of Deed of Gift of Real Property: (1) General Warranty Deed and (2) Quitclaim Deed. A General Warranty Deed includes a guarantee from the donor that the real estate is owned free and clear of any liens, mortgages, or other encumbrances. A Quitclaim Deed does not include this guarantee, so it is not recommended for transferring real estate to another party.