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A deed is a legal document that transfers property ownership rights in real estate and contains the signature of the person transferring the property, the date of the transaction, the names of the parties involved, and a description of the property. There are different types of deeds, with the focus being on general warranty deeds and special warranty deeds. A warranty deed gives the buyer a guarantee that the seller actually has legal title to the property and the right to sell it. Recording is not required for a warranty deed, but if done, the document must be acknowledged.