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A deed is a legal document that serves as evidence for the transfer of property ownership rights in real estate. It includes the signature of the person transferring the property (the grantor), the transaction date, the names of the parties involved, and a description of the property. 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 has legal title to the property, assuring the buyer that the seller owns the property and has the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.