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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the signatures of the transferor, transaction date, names of the parties, and a property description. The two main types of deeds are the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor has legal title to the property, affirming that the seller possesses the right to sell the property. Recording the deed is not mandatory; however, if it is recorded, the document must be acknowledged.