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A deed is a legal document that serves as evidence of the transfer of property ownership rights in real estate. It contains the signatures of the transferor (grantor), the date of the transaction, the names of the parties involved, and a description of the property. Key types of deeds include the general warranty deed and special warranty deed. A warranty deed guarantees 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 done, the document must be acknowledged.