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