This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Special Warranty Deed Vs Quit Claim Deed In Fairfax
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Multi-State
County:
Fairfax
Control #:
US-00186
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Sign: Sign the document before a notary or two subscribing witnesses. File: File your document with the County Circuit Court Clerk at the location where the property exists. Wait for Processing: Wait for the office to finish the recording process to make the grantee's new ownership official.
Recording Requirements: Per § 55.1-407(A), the grantor must file their quitclaim deed with the County Circuit Court Clerk where the property resides. Transfer Tax: Yes (Va. Code § 58.1-801).
The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3). The office is open from a.m. – p.m. Monday through Friday.
A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
A Special Warranty Deed, also known as a Limited Warranty Deed, offers less protection than a General Warranty Deed. The seller only guarantees that they have done nothing during their ownership to encumber the property. It does not cover any issues that may have arisen before they took ownership.
Warranties for your protection A deed can convey property under the following terms: Quitclaim — The grantor simply transfers whatever interest they hold in the property to the grantee. General warranty deed — The grantor promises to defend title to the property against all claims.
This is because a quitclaim deed offers the lowest level of protection. When writing a quitclaim deed, the grantor isn't offering any protection or warranty to the grantee.
Special Warranty Deed Consider you're buying a commercial property in Richmond. The seller, a company that owned the property for the last five years, provides a Special Warranty Deed. This means they guarantee there are no issues that arose during their ownership period, but anything prior is not their responsibility.