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An Arkansas quitclaim deed allows someone who owns a property (grantor) to transfer ownership of that property to someone else (grantee). The property transfer comes with no promises or guarantees about the property's title or the grantor's right to sell the property.
The new owner or that person's agent must submit a signed real property tax affidavit of compliance?or just affidavit of compliance?when filing a deed with the county recorder. The affidavit gives details about the transfer?including the purchase price and transfer tax amount or any exemption.
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it. Despite this, it is useful in some situations. This article is for informational purposes.
List the name of the current owner of the property. List the name of the person who is becoming the owner of the property. List the name of the county where the property is located. Fill this out only if no than $100 is paid for the property.
In most cases, an Arkansas Quitclaim Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical quitclaim 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.
This deed must be signed, notarized, and recorded in the county where the property is located. Some counties have more than one recording office, so you need to be sure this deed is being recorded in the correct recording office. Must list the name and address of the person who prepared this deed.