A Wisconsin deed is a document that records a transfer of real estate between two (2) parties; the grantor (the title holder) and the grantee (the receiving party). Deeds ensure that a property title’s ownership and the transfer thereof is property documented, and they detail which party will be liable for encumbrances and liens against said title.
A deed can either safeguard against property claims or provide no assurances whatsoever to the grantee upon transfer; thus, the grantee’s knowledge of the title history, and the nature of the relationship between grantor and grantee should be taken into account when deciding which deed type to use.
Deed of Trust – Transfers ownership of a borrower’s property to a trustee to secure their obligation to a lender.
Quit Claim Deed – Used to convey real property to another party without any form of warranty against encumbrances.
Special Warranty Deed – Provides a warranty against claims exclusive to the period during which the grantor held the title.
Transfer on Death Deed – A conveyance instrument for real property that takes effect upon the title holder’s death.
Warranty Deed – Guarantees that the grantor is the property’s legal owner and provides the grantee complete protection against title encumbrances.
- Statutes: Chapter 706 (§§ 706.001 – 706.25)
- Formatting: § 59.43(2m), § 59.43(5), § 59.43(7), § 706.02, § 706.05
- Signing Requirements (§ 706.06): Notary Public
- Where to Record (§ 706.05): County Register of Deeds (County Map)
- Recording Fees (§ 59.43(2)(ag)(1)): $30 (no page limit)
- Real Estate Transfer Return (eRETR): Must be completed by the grantor online. A printed copy of the eRETR receipt must be submitted to the Register of Deeds when recording the deed.
- Property Disclosure Statement (§ 709.01(2), § 709.02(1), § 709.03, § 709.033): Must be provided by the seller to the buyer to disclose the property’s physical condition (not required if the conveyance is exempt from the Real Estate Transfer Fee).
- Condominium Addendum to Real Estate Condition Report (§ 709.02(2)): Must be completed by a condominium seller and affixed to a Real Estate Condition Report (if required for the transfer).