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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the signatures of the parties involved, transaction date, and property description. The two primary types discussed are the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor holds legal title to the property, with the seller (grantor) assuring the buyer of ownership rights. While recording a warranty deed is not mandatory, any recorded deed must be acknowledged. This serves to ensure that ownership rights are clear and legally enforceable.