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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: §§ 507.091, 507.092, 507.093
- Signing Requirements (§ 507.24(Subd. 2)(a)): Notary Public
- Where to Record: County Recorder
- Recording Fees (§ 357.18(Subd. 1)(1)): $46
- Forms:
- Electronic Certificate of Real Estate Value: Required for properties with a purchase price over $3,000.
- Well Disclosure Certificate: Must be filed with the deed if there are wells on the property.
- Condition of Property (§ 513.55): Property sellers are required to complete this form to disclose a property’s condition to buyers.
- Methamphetamines (§ 152.0275 Subd. 2 (m)): If methamphetamine production is known to have happened on a property, the seller must provide this disclosure to interested buyers.
- Radon (§ 144.498 Subd. 3): Buyers must be given this disclosure form to inform them of any known concentrations of radon on the property and advise them to conduct radon testing.
- Sewage Treatment System (§ 115.55 Subd. 6): Real estate buyers must be given this form, completed by the seller, informing them about the property’s sewage system.
- Wetlands, Shorelands, and Flood Plain (§ 103F.111 Subd. 4, § 103F.205 Subd. 4, § 103G.005 Subd. 19 (a)): If a property is located in the vicinity of wetlands, shorelands, or flood plains, the seller must complete this form and give it to prospective buyers.
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