The document must be in writing, and its title or heading should describe the intent or the purpose of the deed A quitclaim deed in Arkansas must have the following: Once you have your quitclaim form, you need to ensure that it contains all the information needed for its validity.
FREE QUIT CLAIM DEED FORM PDF
You will come across numerous templates online, but all you need is the best printable PDF version of the free deed.
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To get started in the transfer of interests to your family member, child, trust, or spouse, first, download a free Arkansas quitclaim deed online. Requirements for the legality of a quitclaim deed in Arkansas You could also use this document to transfer property to a subsidiary or even a parent company. To bequeath property to someone in your last will after your passing.įor removal of a spouse’s name from a property title following a divorce To transfer property interests to a business entity or partner To facilitate the legal transfer of property to a sibling, child or any other member of the family To add the name of a spouse to a property’s title The reason for this is that this document will only transfer the rights that the grantor has over the property. It also means that the use of the quitclaim when transferring property rights/ interests for a jointly owned property will make the grantor a co-owner to the property. The non-warranty deed doesn’t hold any promises over the title of owner and if the item is in really owned by the grantor. On the other hand, the quitclaim doesn’t have a warranty of title hence a non-warranty deed. As the name suggests, the warranty deed provides warranty for the real property on sale, and by extension, protection to the person taking over ownership of the property. The reason for this is that the warranty deed offers the promise of transferring property with a good title to the recipient. While these two represent the legally acceptable documents used to transfer ownership of rights or interests in real estate, warranty deeds are more common than he quitclaims. How different is the quitclaim from a warranty deed? It is, however, misspelled in some cases where it is referred to as a quick claim deed, albeit because the document presents one of the easiest ways for transferring interests in real estate. The quitclaim deed is also called a quitclaim deed form, a quitclaim, or a non-warranty deed.
The person who conveys their right to the property is the grantor while the person or party that receives the real property is a grantee. The real property transferred could be anything ranging from land, a condo, a home, or any other type of real estate. Do any of these situations apply to this Quitclaim Deed?Įssential Things You Should Know About the Quitclaim Deed in ArkansasĪccording to the Arkansas statutes, a quitclaim refers to the document that’s used to convey one’s interests or rights to a piece of real property.Required for an oil and gas lease valued at less than $100.00.The debt on the property being transferred is more than the property's value.
FREE QUIT CLAIM DEED FORM FULL
Transfers full ownership to a business you own or you, as owner, of a business are transferring property from the business to your individual name.Necessary to transfer title after the terms of a land contract are met.Required for clarification after a legal name change.Required to clarify the real estate is community property.
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