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A deed is a legal document that serves as evidence of the transfer of property ownership rights in real estate. It typically includes the signatures of the transferring party, the transaction date, the involved parties' names, and a description of the property. The general warranty deed and the special warranty deed are two key types. A warranty deed guarantees the grantee that the grantor holds legal title to the property, assuring the buyer that the seller has the right to sell it. While recording a warranty deed is not required, if it is recorded, the document must be acknowledged.