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A deed is a legal document that serves as evidence of transferring property ownership rights in real estate. It includes the signature of the person transferring the property, the transaction date, the involved parties' names, and a description of the property. There are different types of deeds, but the focus here is on the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor has legal title to the property. The grantor assures the buyer that they own the property and have the right to sell it. While recording a warranty deed is not required, if it is done, the document must be acknowledged.