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Text Deeds used in real estate transactions must adhere to specific requirements, including words of conveyance, identification of parties, and a description of the property. Grant deeds or quit claim deeds are common forms of deeds. The transfer of ownership must be in writing, except for limited exceptions such as leases under one year, adverse possession, or executed oral agreements with possession, payments, or improvements. Oral agreements for real estate transfers may be enforced if partially or fully performed.
