A Minnesota quit claim deed transfers the ownership of real estate from one individual to another without providing any security to the recipient (called the “grantee”). The security in question would normally come in the form of legal language in the deed form that protects the grantee against title encumbrances and guarantees the grantor’s legal ownership of the property being conveyed. Due to the lack of protection, a quit claim deed is generally used for transactions without consideration, or for those between individuals who have a close relationship. For example, a quit claim can be used for gifts between family members or to correct the property title.
- Statute: § 507.07
- Formatting: § 507.093
- Signing Requirements (§ 507.24(Subd. 2)(a)): Notary Public
- Electronic Certificate of Real Estate Value: Required for properties with a purchase price over $3,000.
- Well Disclosure Certificate: Must be completed and filed with deed if there are wells on the property.
- Where to Record: County Recorder
- Recording Fees (§ 357.18(Subd. 1)(1)): $46