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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 transferring party, transaction date, names of the parties involved, and a property description. There are various types of deeds, with a focus here on the general warranty deed and 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. Although recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.