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This document prepared by (and after recording return to):)))))))))) Above This Line Reserved For Official Use Only Name:Firm/Company:Address:Address 2:City, State, Zip:Phone:QUITCLAIM DEED (Individual.
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FAQ
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An Arkansas warranty deed—sometimes called a general warranty deed—transfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the property's entire chain of title.
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This deed must be signed, notarized, and recorded in the county where the property is located. Some counties have more than one recording office, so you need to be sure this deed is being recorded in the correct recording office. Must list the name and address of the person who prepared this deed.
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A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
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An Arkansas quitclaim deed is one of three deed forms Arkansas recognizes for transferring real estate during the owner's life. The distinguishing feature of quitclaim deeds is that they transfer the current owner's interest with no warranty or covenants of title.
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An Arkansas quitclaim deed is one of three deed forms Arkansas recognizes for transferring real estate during the owner's life. The distinguishing feature of quitclaim deeds is that they transfer the current owner's interest with no warranty or covenants of title.
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Arkansas Real Property Transfer Tax. Transfer tax. Arkansas charges a real property transfer tax for real estate transfers involving more than $100.00 in payment. The total transfer tax rate is $3.30 per $1,000.00 of consideration—two-thirds of which is expressly the new owner's responsibility.
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Transferring Property In Arkansas With Quitclaim Deeds The quitclaim deed has a two-year period following its filing date during which it can be challenged. During this time period, any challenge to the validity of the quitclaim deed must be made by either the grantor or the grantee.
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An Arkansas quitclaim deed is a form that is used to transfer property from a seller to a purchaser without any warranty on the title. This type of deed only transfers the interest that the seller owns which may be no interest at all or clear title to the property.
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