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A deed is a legal document that provides evidence of the transfer of property ownership rights in real estate. It includes essential details such as the signatures of the parties involved, the transaction date, and a description of the property. There are various types of deeds, but the focus here is on the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor holds legal title to the property and has the right to sell it. While recording a warranty deed is not mandatory, if it is done, the document must be acknowledged.