Download As Excel Legal Alabama Warranty Forms For Free

Property can be conveyed to two or more Grantees as joint tenants with rights of survivorship or as tenants in common. Statutory Warranty Deed ? used in transactions in which the grantor desires to limit the warranty to the time in which the grantor has owned the property.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and docHubd, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

Alabama law requires a spouse that is not listed on the deed to the property (non-titled spouse) to sign the deed to convey the property. Under this statute, a transfer of homestead property without the signature of both spouses is invalid. That is true even if only one spouse owns the property.

50 per $500 or $1.00 per $1000 on value of property conveyed - charged in increments of $500. The amount of value conveyed is always rounded to the nearest $500. A $1.00 ?no-tax? fee is charged on deeds that are tax exempt.

First, there's exposure to the co-owner's creditors. Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, there's a loss of control to consider.

50 per $500 or $1.00 per $1000 on value of property conveyed - charged in increments of $500. The amount of value conveyed is always rounded to the nearest $500. A $1.00 ?no-tax? fee is charged on deeds that are tax exempt.