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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 transferring party, transaction date, involved parties' names, and property description. There are different types of deeds, with a focus on general warranty deeds and special warranty deeds. A warranty deed provides the grantee with a guarantee that the grantor holds legal title to the property, assuring the buyer that the seller has the right to sell. While recording a warranty deed is not mandatory, if it is to be recorded, the document must be acknowledged.