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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It must include the signature of the grantor, the transaction date, the parties' names, and a property description. There are various types of deeds, with a focus on the general warranty deed and special warranty deed in this context. A warranty deed provides the grantee with a guarantee that the grantor holds legal title to the property, affirming the seller's right to sell. While recording a warranty deed is not mandatory, if done, the document must be acknowledged.