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A deed is a legal document that serves as evidence of the transfer of property ownership in real estate. It typically includes the signatures of the transferring party, the transaction date, names of the parties involved, and a description of the property. There are different types of deeds, with the general warranty deed and special warranty deed being the focus here. A warranty deed guarantees the grantee that the grantor holds legal title to the property and has the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.