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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It includes the signatures of the transferor, transaction date, involved parties' names, and a property description. Key types of deeds are the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor has legal title to the property, with the seller affirming ownership and the right to sell. While recording the deed is not mandatory, if it is recorded, the document must be acknowledged.