Description: Arkansas Quitclaim Deed All Granter C A "Quitclaim Deed All Granter C" is a legal document used in Arkansas to transfer ownership or interest in real property. This particular type of quitclaim deed involves the conveyance of the property without any warranties, meaning the granter (seller) does not guarantee that they own full legal title to the property or that it is free from any liens or encumbrances. The quitclaim deed essentially allows the granter to release any claim they may have on the property to the grantee (buyer). This type of quitclaim deed is commonly used in situations where there is a pre-existing relationship between the granter and grantee, such as transferring property within a family, between spouses, or within a corporation. Arkansas recognizes several variations of quitclaim deeds, each serving a specific purpose depending on the circumstances: 1. Arkansas Quitclaim Deed All Granter C — This type of quitclaim deed is used when the granter wishes to transfer the entire interest they hold in the property to the grantee, with the granter being identified as Granter C in the legal documentation. 2. Arkansas Quitclaim Deed All Granter A — Similagranteror C, this variation is used when Granter A wants to transfer their entire interest in the property to the grantee. 3. Arkansas Quitclaim Deed Joint Tenants with Right of Survivorship — This type of quitclaim deed is used when the property is jointly owned by multiple parties, and they wish to transfer their interests to the grantee while retaining the right of survivorship. Here, if one joint tenant passes away, their interest automatically transfers to the surviving joint tenants. 4. Arkansas Quitclaim Deed Life Estate — A life estate quitclaim deed allows the granter to transfer their interest in the property to the grantee for the duration of the granter's life. Once the granter passes away, the property ownership reverts to a designated remainder man. It is important to note that while quitclaim deeds are valid and legal in Arkansas, they offer less protection to the grantee compared to warranty deeds. Therefore, it is advisable for both parties involved in the transfer of real estate to consult with an attorney or seek professional guidance to understand the implications and potential risks associated with a quitclaim deed before proceeding.
Arkansas Quitclaim Deed All of Grantor C
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How to fill out Arkansas Quitclaim Deed All Of Grantor C?
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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.
Real Estate Recording Requirements Original Instrument. Notarized signature. Tax statement return address on document. Name of Instrument preparer. Revenue stamps on warranty deeds (if revenue changed hands) ?I Certify? statement on all warranty deed (and any deed that has revenue stamps affixed)
List the name of the current owner of the property. List the name of the person who is becoming the owner of the property. List the name of the county where the property is located. Fill this out only if no than $100 is paid for the property.
In Arkansas, there are a number of different situations in which real property is transferred from one person to another, but they each have one thing in common ? a deed. A deed is the legal document which officially transfers ownership of a piece of property. Without a deed, there cannot be an actual transfer.
An Arkansas quitclaim deed has the same capacity to transfer title to real estate as Arkansas' other deed forms. However?because a quitclaim deed has no covenants or warranty of title?the transferor does not promise that the transferee will actually receive good, clear title to the property.
Signing Requirements: Arkansas Code § 18-12-104: Arkansas quitclaim deeds require the grantor to sign in front of a notary public and two (2) disinterested witnesses with no claim in the transaction.
The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
