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A deed is a legal document evidencing the transfer of property ownership rights in real estate. It includes the signatures of the transferring party, the transaction date, the names of the parties involved, and a description of the property. There are different deed types, but this summary focuses on general warranty deeds and special warranty deeds. A warranty deed assures the grantee that the grantor holds legal title to the property, confirming the seller's right to sell. Although recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.