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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It includes the signature of the person transferring the property, the transaction date, the names of the parties involved, and a description of the property. There are various types of deeds, but this discussion focuses on the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor has legal title to the property, assuring the buyer that the seller owns the property and has the right to sell it. Recording a warranty deed isn’t mandatory, but if done, the document must be acknowledged.