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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It typically includes the signatures of the transferring party, transaction date, parties' names, and property description. There are various types of deeds, but this summary focuses on general warranty deeds and special warranty deeds. A warranty deed ensures the grantee that the grantor legally owns 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.