Check Spelling In Legal Maine Contract For Deed Forms For Free

The person who is selling or conveying the land is called the grantor and the person who is acquiring or purchasing the land is called a grantee. Deeds must have the name of the grantor and grantee as well as consideration paid for the property. In addition, a legal description of the property is required.

If a former owner had the property surveyed, we will show you how to use the plan index to locate it. How do I change a name on my deed? The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered.

A Maine quitclaim deed without covenant is a type of deed that transfers all of the signer's rights in Maine real estate with no warranty of title. The new owner receives the entire interest the transferor can legally transfer.

Drafting of legal agreements and deeds in India Essential components of Contract. Defining the parties. Obligation of Parties. Payment Terms. Integration Clause. Termination. Sections an agreement shall include. Preamble. Recitals. Definitions. Body or Matter of Content. Consideration and Terms of Payment.

§§ 4641-4641-N. The transfer tax is collected on the following two transactions. The rate of tax is $2.20 for each $500 or fractional part of $500 of the value of the property being transferred. The tax is imposed ½ on the grantor, ½ on the grantee.

Most Maine deeds must be accompanied by a completed declaration of value (Form RETTD) when filed for recording. The form provides information about the property and parties and calculates transfer tax using the sale price or fair market value.