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A deed is a legal document that transfers property ownership rights and includes the signature of the person transferring the real estate, the date of the transaction, the names of the parties involved, and a description of the property being transferred. There are different types of deeds, such as general warranty deeds and special warranty deeds. A warranty deed guarantees that the grantor has legal title to the property and the right to sell it to the buyer. Recording is not required for a warranty deed, but if done, the document must be acknowledged.