Redact Legal Tennessee Contract For Deed Forms For Free

A Tennessee deed form conveys interest in property from one party (the ?grantor?) to another (the ?grantee?). The documents can be prepared by anyone as long as the required information is written in the deed as outlined in § 66-5-103.

Tennessee charges transfer tax?also called recording tax?for registering deeds transferring title to real estate. The tax rate is $0.37 per $100.00 of the property's value. A property's value is the higher of (a) the amount paid?or consideration?for the transfer, or (b) the property's fair market value.

A Tennessee deed must include a derivation clause identifying the deed or other instrument that is the source of the current owner's title. If the current owner received the property through a recorded deed, the derivation clause must identify the type of deed, book and page number, and recording office.

The following should be in a contract for deed: Purchase price. Interest rate. Down payment. Number of monthly installments. Buyer and seller information. Party responsibilities. Legal remedies in the event of default.

How to Transfer a Real Estate Title Write and Review the Deed. The next step is drafting the deed. ... Signing the Deed. Once all parties agree to the contents of the deed, you can move on to signing. ... Register the Deed. The final step is filing the deed with the county records office.

If you're considering transferring real estate in Tennessee, a Quitclaim Deed is an effective option. A Quitclaim Deed is a legal document that transfers ownership of a piece of property from one person to another. It's a simple, straightforward process that can be completed quickly and easily.