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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It typically includes the signatures of the transferring party, the transaction date, names of the involved parties, and a property description. There are different types of deeds; this discussion focuses on the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor legally owns the property and has the right to sell it. Although recording the warranty deed is not mandatory, if it is recorded, the document must be acknowledged.