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A deed is a legal document that evidences the transfer of property ownership rights in real estate, containing the signatures of the transferring party, transaction date, involved party names, and property description. Among various deed types, this summary focuses on warranty deeds, specifically the general warranty deed and special warranty deed. A warranty deed provides the grantee a guarantee from the grantor that they hold legal title to the property being sold. The grantor assures the buyer of their ownership and right to sell. While recording a warranty deed is not mandatory, if it is to be recorded, the document must be acknowledged.