Get Arkansas Warranty Deed From Corporation To Two Individuals

Arkansas Real Property Transfer Tax. Transfer tax. Arkansas charges a real property transfer tax for real estate transfers involving more than $100.00 in payment. The total transfer tax rate is $3.30 per $1,000.00 of consideration—two-thirds of which is expressly the new owner's responsibility.

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

Real Estate Recording Requirements Original Instrument. Notarized signature. Tax statement return address on document. Name of Instrument preparer. Revenue stamps on warranty deeds (if revenue changed hands) “I Certify” statement on all warranty deed (and any deed that has revenue stamps affixed)

The deed must be acknowledged and notarized by a notary public in Arkansas. Per § 18-12-102 of the Arkansas Code, a warranty deed must contain the words “grant, bargain, and sell” when stating how the property is being transferred.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, 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.

A limited warranty deed is a legal document that transfers ownership of real property from one person or organization, known as the grantor, to another, the grantee.

An Arkansas warranty deed—sometimes called a general warranty deed—transfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the property's entire chain of title.

In most cases, an Arkansas Warranty Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical warranty deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.