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A deed is a legal document that evidences the transfer of property ownership rights in real estate, containing the grantor's signature, transaction date, names of the parties involved, and a property description. There are various types of deeds, but this summary focuses on the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor holds legal title to the property. The grantor assures the buyer that they are the rightful owner and have the authority to sell the property. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.