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Transfer Of Real Estate Fort Lauderdale

State:
Multi-State
Control #:
US-Q1010
Format:
Word; 
Rich Text
Instant download

Description

The Transfer of Real Estate Fort Lauderdale form is a detailed questionnaire designed to capture essential information regarding the transfer of property in Fort Lauderdale, Florida. Key features include sections for seller and buyer information, property details, type of transfer (such as sale, inheritance, gift, etc.), and existing mortgages or claims on the property. It provides clear instructions on filling out the form, ensuring users can easily document all pertinent details about the transaction. This form is specifically useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it standardizes the process of property transfer, facilitating legal compliance and clarity. Users are guided to list improvements, warranties, rights of way, and other important considerations that affect the property's title. With its comprehensive approach, the form supports real estate transactions by organizing necessary information in one place, streamlining communication between parties involved in the transfer.
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FAQ

For a small percentage of properties in Florida, a Documentary Stamp Tax is required at a rate of $0.70 per $100 owed on any existing mortgage. You may be required to pay the Documentary Stamp Tax if your transfer is not exempt. We will contact you if additional fees are required.

The tax rate for documents that transfer an interest in real property is $. 70 per $100 (or portion thereof) of the total consideration paid, or to be paid, for the transfer. An exception is Miami-Dade County, where the rate is $. 60 per $100 (or portion thereof) when the property is a single-family residence.

If there is a will, then the only way to transfer the property is by either a summary administration or by a formal probate administration. The difference between these administrations if based on the size of the estate, the nature of the assets in the estate, and how long ago the decedent(s) passed away.

However, in the State of Florida, TOD and POD designations cannot be used to transfer real estate or property. Instead, Florida recognizes enhanced life estate deeds, also known as Lady Bird deeds to transfer property to one or more beneficiaries.

When you transfer title and ownership of real estate in Florida, you sign a deed conveying or transferring the property to the new owner. In most real estate closings, the seller is responsible for providing the deed that is signed at closing.

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Transfer Of Real Estate Fort Lauderdale