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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the signatures of the transferring party, the transaction date, the names of involved parties, and property description. There are various deed types, but this summary focuses on general and special warranty deeds. A warranty deed guarantees the grantee that the grantor holds legal title to the property, assuring the buyer of the seller's right to sell. While recording a warranty deed is not mandatory, if recorded, the document must be acknowledged.