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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 essential information such as the signatures of the parties involved, the transaction date, and a detailed description of the property. Two main types of deeds are the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor legally owns the property and has the right to sell it. While recording the deed is not mandatory, if it is recorded, the document must be acknowledged. Understanding these key elements is crucial for real estate transactions.