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A deed is a legal document that serves as evidence of the transfer of property ownership in real estate. It typically includes the signatures of the transferring party (grantor), the transaction date, names of the involved parties, and a description of the property. There are various types of deeds, but this discussion focuses on the general warranty deed and the special warranty deed. A warranty deed guarantees to the grantee that the grantor holds legal title to the property and has the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, it must be acknowledged.