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A deed is a legal document representing the transfer of property ownership rights in real estate. It contains the signature of the person transferring the real estate, the date of the transaction, the names of the parties involved, and a description of the property being transferred. Two main types of deeds are general warranty deeds and special warranty deeds. A warranty deed provides the grantee with a guarantee that the grantor has legal title to the property and the right to sell it. Recording is not required, but if done, the document must be acknowledged.