A Delaware Quitclaim Deed (Short Form) is a legal document that allows a person (the granter) to transfer their interest in a property to another person or entity (the grantee) without making any guarantees about the title or ownership of the property. Instead, it simply conveys whatever interest the granter may have in the property at the time of the transfer. The Delaware Quitclaim Deed (Short Form) is often used in situations where the granter may not have a full understanding of the title history or where there are uncertainties about the ownership of the property. It is a relatively quick and straightforward way to transfer property rights. There are a few different types of Delaware Quitclaim Deed (Short Form) that can be used, depending on the specific circumstances: 1. Individual to Individual: This is the most common type of Quitclaim Deed (Short Form) used in Delaware. It is typically used when an individual wants to transfer property to another individual, such as in cases of gifting property or transferring property between family members. 2. Individual to Entity: In this type of Quitclaim Deed (Short Form), an individual transfers property to a legal entity, such as a corporation or a trust. This may be done for various reasons, including estate planning, business purposes, or asset protection. 3. Entity to Individual: This Quitclaim Deed (Short Form) is used when a legal entity transfers property to an individual. For example, if a trust or a corporation wants to distribute property to a beneficiary or shareholder, this type of deed may be used. It is important to note that while a Delaware Quitclaim Deed (Short Form) allows for the transfer of property rights, it does not guarantee the grantee's ownership or provide any warranties about the property's title. It is always recommended consulting with a real estate attorney to ensure the deed is properly prepared and executed.
Delaware Quitclaim Deed (Short Form)
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How to fill out Delaware Quitclaim Deed (Short Form)?
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The Process of Transferring Property Identify the recipient or donee. Discuss the terms and conditions of the transfer with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
A quitclaim allows a person to transfer property to another person with a simple deed. The basic idea is that all the rights and claims of being a property owner are relinquished and legally turned over to someone else.
The Process of Transferring Property Identify the recipient or donee. Discuss the terms and conditions of the transfer with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
Laws & Requirements Recording Requirements: Delaware Code Title 9, Chapter 96: Delaware has three districts to record quitclaim deeds, and fees vary by county: Fees in Kent County start at $36.00/document, $10.00/page, and $5.00/tax parcel number. Fees in New Castle County are $13.00/page and $3.00/parcel description.
In order for a deed to be valid and enforceable, it must be in writing; describe with specificity the property conveyed; specify the names of the grantor and grantee; be signed; be sealed; be acknowledged; and be delivered.
Recording ? Once complete, the quit claim deed and affidavit of residence (Form 5402) must be recorded at the county the property is located (Kent County, New Castle County, or Sussex County).
In addition, a properly executed quit claim deed requires specific information, including the name and address of both the grantor and grantee; the grantee's vesting choice (how to hold title to the property); a complete legal description of the property to be conveyed; the county tax assessment parcel ID (if available ...
