Restrictive Covenants By The Transferee In Maricopa
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Maricopa County Recorder's Office has two full service offices to record your quitclaim deed. The main office is located in downtown Phoenix. The Southeast office is in Mesa, Arizona.
Arizona law requires notarization for the deed to be valid. File with the County Recorder: Once notarized, the quitclaim deed must be filed with the county recorder's office where the property is located. This step is crucial as it makes the deed part of the public record and completes the transfer process.
– Quitclaim Deed: This deed transfers the grantor's interest in the property without any warranties or guarantees. It is often used for transfers between family members where the grantor may not want to warrant the current status of title.
The quitclaim deed must identify both the grantor and the grantee or the person or entity receiving the interest in the real estate by name. Finally, one of the parties must record the quitclaim deed at the local county recorder's office so that it becomes an official document.
Quitclaim deed transfers are ideal for: transferring property interest between family members, such as a parent to a child. transferring property between married persons, as is the case when one party brings property into the marriage.
Some of the most common restrictive covenants include: Alterations and extensions to the building. Changes to the use of a property, for example, converting a building into flats or turning a house into business premises. Rent and lease restrictions. Limitations on pets. Limitations on home colour.
If a deed restriction is not enforceable, you can choose to ignore it and take on the risk of a neighbor filing suit, or you can seek out a judge's ruling to have the covenant removed from the deed. Obtaining that ruling is easier when no one is actively enforcing the covenant.
Restrictive Covenants, Explained This restricts how homeowners can manage and modify their land. Examples include restrictions on fence options, the type of animals allowed and the use of outbuildings, such as sheds.
The three types of covenants are positive, negative, and financial. Each contains a unique set of requirements and stipulations. Positive and negative covenants are not interchangeable as good or bad but rather refer to what borrowers can or cannot do.
In the United States, employers generally use four types of restrictive covenants: (1) covenants not to compete for a certain period of time following the employee's termination from employment (or following a business transaction such as a sale, merger, etc.); (2) covenants not to solicit customers or clients for a ...
