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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the transferor's signature, transaction date, parties' names, and property description. There are various types of deeds; this summary focuses on the general warranty deed and the special warranty deed. A warranty deed assures the grantee that the grantor holds legal title to the property, with the seller (grantor) affirming ownership and right to sell. While recording the deed is not mandatory, if it is to be recorded, the document must be acknowledged.