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A deed is a legal document used to transfer property ownership rights in real estate. It 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 being transferred. There are different types of deeds, with a focus on general warranty deeds and special warranty deeds. A warranty deed guarantees that the seller has legal title to the property and can sell it to the buyer. Recording is not required for a warranty deed, but if done, the document must be acknowledged.