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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the transferor's signature, transaction date, parties' names, and property description. Key types of deeds include the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor holds legal title to the property, ensuring the seller affirms ownership and the right to sell. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.