Jacksonville Florida Quitclaim Deed - Timeshare - Individual to Two Individuals / Husband and Wife

State:
Florida
City:
Jacksonville
Control #:
FL-062-77
Format:
Word; 
Rich Text
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Description

This form is a Quitclaim Deed for a timeshare where the Grantor is an individual and the Grantees are Husband and Wife, or two individuals. Grantor conveys and quitclaims the described property to Grantees. The Grantees take the property as tenants in common, joint tenants with the right of survivorship or tenants by the entirety. This deed complies with all state statutory laws.

A Jacksonville Florida Quitclaim Deed Timesharear— - Individual to Two Individuals / Husband and Wife is a legal document used to transfer the ownership of a timeshare property from an individual to a married couple. This deed signifies the individual's intention to quit any claim or interest they have in the timeshare and transfer it to the husband and wife. The quitclaim deed is commonly used in real estate transactions to transfer property without providing any warranties or guarantees regarding the title. This means that the individual transferring the timeshare, known as the granter, is simply releasing their ownership rights and making no promises about the validity of the title. By executing this deed, the granter is allowing the husband and wife, known as the grantees, to become the new owners of the timeshare property. This transfer of ownership includes all associated rights and responsibilities, such as the use of the premises, payment of maintenance fees, and any other obligations stipulated in the original timeshare agreement. It's important to note that there may be different types or variations of the Jacksonville Florida Quitclaim Deed — Timeshare — Individual to Two Individuals / Husband and Wife, depending on specific circumstances. For example, some variations might be distinguished by the specific legal language used, the inclusion of additional clauses or provisions, or by referencing a particular subdivision or condominium development within Jacksonville. Additionally, other legal documents or forms may be required to accompany the quitclaim deed, such as a certificate of title, affidavits of identity or marital status, or any other documents necessary to clarify ownership rights, satisfy lender requirements, or comply with local or state regulations. As with any legal document, it is crucial to consult with a qualified real estate attorney or title company to ensure that all necessary steps are taken and that the quitclaim deed is properly executed and recorded. This will help protect the rights and interests of both the granter and the grantees involved in the transfer of the timeshare ownership.

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FAQ

A person filing a deed for transfer of Florida real estate ownership must do so through the county comptroller's office where the property is located. There is a small fee for filing and a document stamp tax, which is an excise tax on legal documents delivered, executed or recorded in the state.

Quit claim deeds are commonly used instruments and they do fall under Florida Statutes as a transfer that requires the documentary stamp tax.

Tax law allows gifting of assets of up to $11.7 million (in 2021) over a person's lifetime without incurring a gift tax. If the house is worth less than $11.7 million and it was given to the children, the parent would not have to pay taxes on it.

Florida law requires that the grantor must sign the deed in the presence of two witnesses and a notary public. The witnesses must also sign in the presence of the notary.

Pay the fee. The fee to record the deed is $10 for the first page and $8.50 for each additional page. You also must pay taxes. A documentary stamp tax of $. 70 will be levied for each $100 of the sale, transfer, or consideration amount.

In fact, taxes may be due on a quit claim deed even when the property is transferred between spouses. With such transfers, if the property is mortgaged, then tax is generally due on half of the outstanding balance.

Filing With the Clerk A quit claim deed should be filed with the Clerk of Court in the county where the property is located. This will involve taking the deed to the Clerk's office and paying the required filing fee (typically about $10.00 for a one-page quit claim deed).

A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.

One of the easiest and most common ways to transfer property rights to another party in Florida is through the use of a quit claim deed. This type of deed conveys the interest you have in a property without providing any warranties or guarantees about the interest you are conveying.

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Jacksonville Florida Quitclaim Deed - Timeshare - Individual to Two Individuals / Husband and Wife