An Indiana quit claim deed is used to convey property from one party to another without providing any warranties regarding ownership or outside claims. The quit claim deed offers no assurances that the current owner holds a clear property title nor that the property is free of any liens or encumbrances.
Through this legal instrument, the grantee (buyer/transferee) acquires the grantor’s interest in the property, but may not take legal action against them should they find any title encumbrances upon recordation. For the aforementioned reason, a quit claim deed is generally used for property transferred between family members, ex-spouses after a divorce, or to make a quick title amendment.
- Statute: § 32-21-1-15
- 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 either a notary public, judge, clerk of a court of record, county recorder, the mayor of any city, or any other individual described in § 32-21-2-3(a)(2).
- Where to Record: County Recorder’s Office
- Recording Fees (§ 36-2-7-10(c)(1)): $25
- Residential Property Disclosure Statement (§§ 32-21-5-7 & 32-21-5-10): Sellers of residential real property must complete this form detailing the condition of the property’s features, including but not limited to the heating, roof, structure, and water supply.