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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It typically includes the signatures of the transferring party, transaction date, names of the parties involved, and a description of the property. There are various types of deeds, but this overview focuses on the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor holds legal title to the property. The seller (grantor) assures the buyer (grantee) of their ownership rights. While recording a warranty deed is not mandatory, if recorded, it must be duly acknowledged.