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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It contains essential elements such as the signatures of the transferor, the transaction date, the parties' names, and a description of the property. The discussion focuses on two types of deeds: the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor holds legal title to the property, assuring the buyer of the seller's right to sell. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.