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A deed serves as evidence of property transfer, functioning as a legal document that conveys ownership rights in real estate. It typically includes the signatures of the parties involved, the transaction date, and a property description. The discussion centers on two main types: 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, assuring the buyer that the seller possesses the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.