An Indiana deed is a legal document that transfers a real estate title from a grantor to a grantee. In most cases, the grantor will be a property owner, and the grantee, the buyer. Unlike a purchase agreement, which outlines the terms of a real estate transaction, the deed will officially record the conveyance of the property’s ownership and be filed with the county recorder’s office. Depending on the deed type, the grantee will either be given partial, full, or no guarantee that the transferred property is free of liens or encumbrances.
Once the deed has been recorded, it becomes public record, and the grantee will become the legal owner of the conveyed property.
General Warranty Deed – Provides the grantee with a warranty that there are no claims whatsoever on the conveyed property.
Quit Claim Deed – Does not offer any assurance to the grantee that the transferred real estate is without encumbrances.
Special Warranty Deed – A deed in which the grantor assures the grantee that there are no liens or encumbrances on the property on their account. However, it offers no assurances regarding previous owners.
- Statutes: Article 21 – Conveyance Procedures for Real Property
- Formatting: §§ 36-2-11-16.5(b)(1), 32-21-2-3, 36-2-11-15, 36-2-11-16
- Signing Requirements (§ 32-21-2-3(a)(2)) It must be acknowledged by one (1) of the officers listed in § 32-21-2-3(a)(2).
- Where to Record: County Recorder’s Office
- Recording Fees (§ 36-2-7-10(c)(1)): $25