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A deed is a legal document that evidences the transfer of property ownership rights in real estate, containing the signatures of the transferring party (grantor), the date of the transaction, the names of the involved parties, and a property description. Two key types of deeds are the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor has legal title to the property, wherein the seller confirms ownership and the right to sell. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.