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A deed is a legal document that serves as evidence of the transfer of property ownership rights in real estate. It includes key elements such as the signatures of the transferor (grantor), transaction date, 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 offers the grantee a guarantee that the grantor has legal title to the property, ensuring the seller confirms ownership and the right to sell. Recording a warranty deed is not mandatory, but if it is recorded, the document must be acknowledged.