Arkansas Deed is a legal document that serves as proof of ownership for real estate properties in the state of Arkansas. This deed outlines the transfer of property rights from the current owner, also known as the granter, to the new owner, known as the grantee. It is an essential document for both buyers and sellers involved in real estate transactions. There are several types of Arkansas Deeds, each serving a specific purpose and offering different levels of protection for the grantee. These include: 1. General Warranty Deed: This is the most commonly used deed in Arkansas. It provides the highest level of protection for the grantee as it guarantees that the granter holds clear and marketable title to the property and assures the grantee against any prior claims or encumbrances. 2. Special Warranty Deed: This type of deed is similar to a general warranty deed but only guarantees against title defects or claims that occurred during the granter's ownership. It does not provide protection against any prior claims or encumbrances that may have existed before the granter's ownership. 3. Quitclaim Deed: A quitclaim deed transfers the granter's interest in the property to the grantee, without guaranteeing the validity of the title. It is often used in situations where there is a familial transfer of property, such as between family members, divorcing spouses, or co-owners. 4. Trustee's Deed: This deed is used when a property is held in trust. It transfers the property from the trustee to the grantee, acknowledging the terms and conditions of the trust. 5. Executor's Deed: An executor's deed is utilized in the process of probate after an individual passes away. It transfers ownership of the property from the decedent's estate to the designated heirs or beneficiaries. It is crucial for both buyers and sellers to understand which type of Arkansas Deed is most suitable for their specific situation. Seeking legal advice or consulting with a real estate professional can ensure a smooth and legally binding transfer of property rights.
Arkansas Deed
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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.
Arkansas law requires the recording of all real estate deeds. Submit the completed form to the recorder's office for the county where the land is located.
Arkansas deeds are recorded with the county recorder's office for the county where the property is located. In most Arkansas counties, the circuit clerk acts as county recorder and is responsible for maintaining land records and recording deeds. In other counties, the county clerk serves as county recorder.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
In Arkansas, there are a number of different situations in which real property is transferred from one person to another, but they each have one thing in common ? a deed. A deed is the legal document which officially transfers ownership of a piece of property. Without a deed, there cannot be an actual transfer.
An Arkansas quit claim deed allows a grantee to receive a grantor's interest in a property quickly, albeit without any warranty of title.