Autofill Legal Nevada Mortgages Forms For Free

"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title.

A Deed of Trust is essentially an agreement between a lender and a borrower to give the property to a neutral third party who will serve as a trustee. The trustee holds the property until the borrower pays off the debt. The note lays out all the terms of the loan (repayment, interest, penalties, etc.).

Nevada requires: A Declaration of Value form with each document that will transfer property. You are required to pay Real Property Transfer Tax (RPTT) or provide a reason for an exemption. You must fill out all the lines on the Declaration of Value form even if it is an exempt transfer.

As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. A Declaration of Value form must accompany all real property documents.

Nevada deeds must satisfy certain criteria established by the state legislature to be recorded. State statutes govern the formatting, content, and execution of deeds necessary for a valid conveyance. A county recorder may also have rules and guidelines for deeds in a particular county.

Nevada law requires that deeds include certain information to be recordable and validly transfer ownership of real estate. Names and addresses, a legal description and parcel number for the property, and the current owner's notarized signature all must appear within a quitclaim deed or other Nevada deed.