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A deed is a legal document that transfers property ownership rights in real estate, containing the signature of the person transferring the property, the transaction date, the parties' names, and a property description. There are different types of deeds, with focus on general warranty deeds and special warranty deeds. A warranty deed guarantees the grantee that the grantor has legal title to the property, with the seller promising ownership and right to sell. Recording is not required for warranty deeds, but if done, the deed must be acknowledged.