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A deed is a legal document that transfers property ownership rights in real estate, serving as evidence of the transfer. It includes the signatures of the parties, the transaction date, and a description of the property. There are various types of deeds, but this summary focuses on general warranty deeds and special warranty deeds. A warranty deed guarantees the grantee 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. While recording a warranty deed isn't required, if it is recorded, the document must be acknowledged.