A Montana deed is a conveyance instrument that transfers ownership of real property from one (1) party to another. Whenever property is sold or gifted, a deed must be executed by the person or entity transferring ownership, the “grantor,” and recorded with the Clerk and Recorder in the county where the property is located. The grantor will also need to file a Realty Transfer Certificate and pay the recording fee ($8 per page). Once recorded, title rights to the property will officially be transferred to the new owner, the “grantee.”