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A deed is a legal document that transfers property ownership rights in real estate, containing the signature of the person transferring the property, the transaction date, party names, and property description. There are different types of deeds, and the focus is on general warranty and special warranty deeds. A warranty deed guarantees the grantee that the grantor has legal title to the property, promising ownership and the right to sell. Recording is not required but if done, the document must be acknowledged.
