The latter is a perfect fit for a low-risk transaction where grantor and grantee are familiar with each other (for instance, family members) or no money exchange is involved.
This way, those who want to get the most buyer protection should opt for warranty deeds while those who want to create a simple document with fewer details can choose quitclaim deeds. At the same time, a warranty deed, based on its name, provides certain warranties to the buyer, for example, the absence of any outstanding liens, mortgages, or other encumbrances against the property mentioned in the deed.
#QUIT CLAIM DEED FORM FLORIDA FULL#
A warranty deed involves mentioning finer details such as legal insurance, absence of the debts related to the property, full description of the property, etc.Ī quitclaim deed also does not make any warranties about the quality of the property title.
These two types of deeds are both common in sales of real property but they offer different levels of buyer protection.Ī quitclaim deed requires less information than a warranty deed and is simpler to craft. How a Quitclaim Deed is Different from a Warranty Deed? In the latter case, a general warranty of deed or a special warranty deed is more effective as those two documents offer a higher level of security guaranteeing that a grantor is the sole owner of real estate. The parties to a quitclaim deed are called the grantor (an individual who currently owns the real property) and the grantee (an individual who is about to become an owner of real property).Ī quitclaim deed essentially provides a guarantee for a buyer if there is only one owner to real property, but it doesn’t have the same effect if there is more than one owner. It is also used to transfer title to property between members of a family. It is common to use a quitclaim deed to remove the defaults in title to real estate. The document can be used for multiple purposes. Essentially, a person making a quitclaim deed “quits” their interest in a real property mentioned in the document.
#QUIT CLAIM DEED FORM FLORIDA HOW TO#
How to Transfer Ownership with a Quitclaim Deed?Ī quitclaim deed is a written contract that helps transfer the title to real estate.In What Situations Might You Need a Quitclaim Deed?.What Are the Legal Requirements for a Quitclaim Deed?.How a Quitclaim Deed is Different from a Warranty Deed?.
Landlord (Tenant) Recommendation Letter.
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