Contents |
Types (4)
General Warranty Deed – Provides the grantee with the grantor’s promise that there are no liens or encumbrances on the transferred property.
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Quitclaim Deed without Covenant – Also known as a “non-warranty” deed, this deed type doesn’t provide the grantee with any guarantee that the property is free of claims.
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Quitclaim Deed with Covenant – Assures the grantee that the grantor has no claims against them regarding the conveyed property.
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Transfer on Death Deed – Used in estate preparation to arrange for a property title to be transferred to a beneficiary at the time of the owner’s death. The owner retains ownership during their lifetime.
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Laws & Requirements
- Statutes: Title 33 – Property
- Formatting:
- Signing Requirements (§ 203): Notary Public
- Where to Record: Registry of Deeds
- Recording Fees (County Deeds Fee Schedule): $19 plus a $3 surcharge and $2 for each additional page.
- Forms:
- Real Estate Transfer Tax Declaration (Form RETTD) (Online/PDF): Must be filed along with the transfer tax payment and deed unless the transfer is exempt.
- Property Disclosure Statement (§ 173): State law requires property sellers to complete this form and provide it to potential buyers. The completed document relays the property’s condition, services, inventory, and any potential hazards.