Contents |
Types (4)
Deed of Trust – Conveys a property title to a third-party trustee to hold as collateral for a loan between the grantor and a moneylender.
Download: PDF
General Warranty Deed – Transfers the property’s ownership with the grantor’s promise that there are no liens or mortgages on it.
Download: PDF, Word (.docx), OpenDocument
Quit Claim Deed – A deed that does not offer any assurances regarding the quality of the property’s title.
Download: PDF, Word (.docx), OpenDocument
Special Warranty Deed – Guarantees the grantee that there are no encumbrances on the property from the period during which the grantor was its owner.
Download: PDF, Word (.docx), OpenDocument
Laws & Requirements
- Statutes: Title 3 – Recordation
- Formatting: § 3-104(d), (e)(1)
- Signing Requirements (§§ 4-101(a)(1), 4-204(a)): Notary Public
- Where to Record: Clerk of the Circuit Court
- Recording Fees (§ 3-601(a)(2)(ii)): $20
- Forms:
- Land Instrument Intake Sheet: Must be completed and filed with deed (see instructions).
- Property Disclosure Statement (§ 10-702): State law requires property sellers to disclose any known property defects to potential buyers.