An Idaho quit claim deed is a means to convey property ownership from one party to another without any warranty of title. Title transfers using a quit claim deed are generally faster than other deeds. Yet, they pose a higher risk to the grantee because the grantor is transferring property without any assurances that there are no liens or encumbrances attached to the property nor that they are the legal owner.
A quit claim deed is often used to clear up title defects (such as a missing signature) or to convey property between family members. It is considered a convenient alternative to warranty deeds when there’s a high level of trust between the parties.
- Statutes: Title 55, Chapter 6 – Transfer of Real Property
- Formatting: §§ 55-601, 31-3205(6)
- Signing Requirements (§ 55-805): Notary Public
- Where to Record (§ 55-808): County Recorder
- Recording Fees (§ 31-3205(b)(i)): $15 for the first thirty (30) pages; $3 for each additional page.
- Residential Property Disclosure Statement (§ 55-2504) – Sellers of residential real property with four (4) or fewer units must complete and provide this statement regarding issues the property may have to a buyer within ten (10) days of the buyer’s offer.