11/14/2023 0 Comments Quit claim deed form pennsylvania![]() ![]() ![]() This means that there can be no clouds on the title, such as liens or encumbrances. To transfer property using a warranty deed, you, the grantor, must have a clear and marketable title. In a standard purchase and sale transaction where the grantor and grantee do not know each other and fair market value is being exchanged, a warranty deed should be used. When Should You Use a Warranty Deed Instead? It is best to speak to a qualified Florida licensed real estate attorney to determine what deed type best fits your needs. There are other deed types that may be better for meeting the objectives of the parties involved in a title transfer. Quitclaim deeds are often used between family members or in other situations where the grantee is assured of the grantor’s ownership, such as when a person transfers a property to their own company or to a trust.Ī quitclaim deed is not always the most appropriate type of deed for what an individual is seeking to accomplish. ![]() With this deed type, if it turns out that the grantor does not have full interest in the property or clear title to the property, the grantee will not be able to seek legal recourse against the grantor. In other words, a quitclaim deed gives whatever interest that the grantor has in the property to the grantee, but does not warrant that the grantor has any interest. This may sound obvious, but in the context of real estate law in Florida, there is very little that is simple.Ī quitclaim deed transfers title to Florida real estate without giving any guarantee as to the quality of the grantor’s title. Grantors cannot usually transfer more than they have with a quitclaim deed. The person transferring the title of the property is called the grantor, and the one receiving it is known as the grantee. What is a Quitclaim Deed?Ī Florida quitclaim deed is a legal document transferring title (i.e., ownership) from one person or entity to another. This method of transferring title is generally quicker and easier than other options, but you must first ensure that this is the best route for your individualized needs. If you need to transfer Florida real estate to a limited liability company, trust, family member, or another individual, a quitclaim deed (also known as a quit claim deed) can help accomplish this. ![]()
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