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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the signatures of the person transferring the property, the transaction date, the names of the involved parties, and a property description. There are various types of deeds, but this summary focuses on the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor holds legal title to the property. The grantor (seller) assures the buyer that they own the property and have the right to sell it. While recording a warranty deed is not mandatory, if recorded, it must be acknowledged.