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Florida Quitclaim Deed - Trust to Four Individuals

Orlando Florida Quitclaim Deed - Trust to Four Individuals

Name: Orlando Florida Quitclaim Deed - Trust to Four Individuals
Brand: US Legal Forms
Rating: 4.87 (486 reviews)

Category:

Florida Real Estate - Deeds - Quitclaims

State:

Florida

City:

Orlando

Control #:

FL-063-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantor is an individual acting as Trustee on behalf of a trust and the Grantees are four (4) individuals. Grantor conveys and quitclaims the described property to Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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FAQ

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.

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.

A quitclaim deed allows for the quick and easy transfer of ownership interest of real property or land. While recording the quitclaim deed makes the transfer official in the public record, it does not require recordation in order for it to be valid.

A quitclaim deed is a legal document that transfers whatever interest the signer holds in the property being conveyed to another person. According to Florida Statute 695.26, a quitclaim deed must contain these certain elements: Name and address of person preparing the deed. Grantor's name and address.

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.

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.

The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.

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.

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).

Cost of a Quitclaim Deed in Florida If you have any concerns about making the quitclaim deed legally correct, you could hire an attorney to write the deed. With an attorney, a quitclaim deed costs between $250 to $350 in most cases.

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Rather, they are only transferring whatever interest they have in the real estate (if any). To complete a Quitclaim Deed, you must name the grantor and grantee.Either party can be an individual, corporation, or trust. The Florida Supreme Court held the corporation merely "stepped into the shoes" of the owner and thus, received no interest in the property. Id. Title-holding trusts allow individuals or entities to hold land anonymously. A property transferred to a trust or to a third party might not. Fees for Florida real estate transfers are based upon the following legal fees plus costs: 1. Find links to every Florida county where you can download, for free, a Florida deed. A Lady Bird deed sets up a less flexible arrangement than a trust. Removing a name from a deed in Florida is a legal transaction that is best accomplished with help from a real estate attorney.

Get help from your state agency, such as the Florida Association of Realtors or the Florida Association of Real Estate Brokers. 3. Check with your local district attorney's office, county treasurer's office, real estate office, etc. before signing the contract. Find out the costs for each entity involved in a transaction. 4. Find out how much it will cost to get your name removed on a real estate transfer contract. Q&A Q: What is a Quicken Will? A: A Quicken Will is a simple document stating how property passes in your or your heirs' hands. These documents can be useful if you want to set up your property and transfer some or all of your assets to a new owner. Also, quicken deeds are a quick and convenient way to transfer the title to an owner. They state how the land or property is set forth in the document. Q: How about a Quitclaim Deed? A: When you want to leave something to your heirs, the Quitclaim Deed is what you end up naming in a deed to set up your estate.

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Orlando Florida Quitclaim Deed - Trust to Four Individuals

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FAQ

Does a quit claim deed need to be notarized in Florida?

How do I transfer property to a family member in Florida?

Do you have to record a quit claim deed in Florida?

How does a quit claim deed work in Florida?

Do you have to pay taxes on a quitclaim deed in Florida?

How much does it cost to file a quit claim deed in Florida?

Can I prepare my own warranty deed in Florida?

Can I prepare my own quit claim deed in Florida?

How much does a quitclaim deed cost in Florida?

How much does a quick deed cost in Florida?

Interesting Questions

What is a quitclaim deed?

What is an Orlando quitclaim deed?

What is a trust?

Who can be named as beneficiaries in a trust?

How many individuals can be named as beneficiaries in a trust?

What happens if a beneficiary named in the trust is deceased?

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