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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 date of the transaction, the names of the parties involved, and a description of the property. There are different types of deeds, but we will focus on general warranty and special warranty deeds. A warranty deed guarantees that the seller has legal title to the property and the right to sell it. Recording is not required for a warranty deed, but if recorded, the document must be acknowledged.