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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 signature of the seller (grantor), the date of the transaction, the names of the parties involved, and a description of the property. The two main types of deeds discussed are the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor holds legal title to the property, with the seller affirming their right to sell. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.