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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, the names of the parties involved, and a property description. There are different types of deeds, but we will focus on general 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.