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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the signatures of the parties involved, the transaction date, and a property description. There are various types of deeds, but this discussion focuses 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, assuring the buyer that the seller has the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.