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A deed is a legal document that signifies the transfer of property ownership rights in real estate. It typically includes the transferring party's signature, the transaction date, the involved parties' names, and a property description. Among various types of deeds, the focus here is on the general warranty deed and the special warranty deed. A warranty deed offers the grantee assurance that the grantor holds legal title to the property. The grantor (seller) guarantees to the grantee (buyer) that they own the property and have the authority to sell it. While recording a warranty deed is not mandatory, any document intended for recording must be acknowledged.