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A deed is a legal document that transfers property ownership rights in real estate and serves as evidence of the transfer. 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 the focus on general warranty deeds and special warranty deeds. A warranty deed guarantees that the grantor legally owns the property and has the right to sell it to the buyer. Recording is not required for a warranty deed, but if done, the document must be acknowledged.