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A deed is a legal document evidencing the transfer of property ownership rights in real estate, typically including the signatures of the parties involved, the date of the transaction, and 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 guarantees that the grantor (seller) legally owns the property and has the right to sell it to the grantee (buyer). While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.