This Quitclaim Deed from Individual to Individual form is a Quitclaim Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Memphis Tennessee Quitclaim Deed from Individual to Individual
Category:
State:
Tennessee
City:
Memphis
Control #:
TN-02-77
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Word;
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FAQ
Under Tennessee law, a quitclaim deed must be in writing and signed by the grantor. Either the deed must have two witnesses, or the grantor's signature must be acknowledged before a notary public or other public official. The deed must be recorded, and you will likely pay a Realty Transfer Tax and filing fees.
Finally, quit claim deeds are another common way that properties are conveyed in the State of Tennessee. Quit claim deeds are often used to convey property from one person to another or to add additional people to title.
Per Tennessee Code § 67-4-409, the state imposes a Realty Transfer Tax on most transfers of real property. For quitclaim deeds, the amount of the tax is at a rate of $0.37 per $100 of the property's purchase price.
In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.
A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.
To present a deed to be recorded in Shelby County, go to the Register of Deeds, located at 1075 Mullins Station Rd., Suite 165, Memphis, TN 38134. For general information, call 901.379. 7500. They are open M-F from 8am-pm.
How to Write a Tennessee Quitclaim Deed Preparer's name and address. Full name and mailing address of the person to whom the recorded deed should be sent. County where the real property is located. The consideration paid for the property. Grantor's name and address. Grantee's name and address.
