In the state of Arkansas, a Quitclaim Deed (Short Form) is a legal document used to transfer or convey the ownership interest or claim to a property. It is typically used in situations where the transfer of ownership does not involve a sale or monetary consideration, but rather serves to clarify the ownership rights to a property among existing owners or individuals with an interest in the property. The Arkansas Quitclaim Deed (Short Form) is a simplified version of the standard Quitclaim Deed, providing a straightforward and efficient way to transfer property rights. It contains essential details regarding the property and parties involved, including the names and addresses of the granter (the person transferring the rights) and the grantee (the person receiving the rights). This type of deed does not offer any guarantees or warranties regarding the property's history, condition, or title. It merely transfers whatever ownership interest or claim the granter has in the property at the time of the deed's creation. Consequently, the grantee assumes any potential risks associated with the property, such as undisclosed liens or competing claims. The Arkansas Quitclaim Deed (Short Form) is often used in various scenarios, such as transferring property between family members, adding or removing a name from a property's title, or clarifying ownership percentages among co-owners. Additionally, Arkansas offers different variations of the Quitclaim Deed (Short Form), including: 1. Arkansas Statutory Short Form Quitclaim Deed: This is the standard version of the Quitclaim Deed (Short Form) authorized by state law. It includes the necessary legal language and requirements to be considered valid in the state. 2. Arkansas Joint Tenancy Quitclaim Deed: This version is used specifically in situations where multiple individuals own a property as joint tenants. By using this deed, one joint tenant can transfer their interest or claim to another party while maintaining the joint tenancy ownership structure. 3. Arkansas Tenancy in Common Quitclaim Deed: This type of Quitclaim Deed (Short Form) is applicable when two or more individuals own a property as tenants in common. It allows one tenant in common to transfer their interest or claim in the property to another person while preserving the tenants in common arrangement. It is important to consult with a qualified real estate attorney or legal professional when utilizing any type of Quitclaim Deed in Arkansas to ensure compliance with state laws and to understand the implications of the transfer.
Arkansas Quitclaim Deed (Short Form)
Description
How to fill out Arkansas Quitclaim Deed (Short Form)?
Are you inside a position in which you require files for both company or personal reasons almost every day? There are tons of legal papers templates accessible on the Internet, but locating versions you can depend on isn`t simple. US Legal Forms gives a large number of kind templates, much like the Arkansas Quitclaim Deed (Short Form), which can be composed to meet state and federal requirements.
Should you be already familiar with US Legal Forms site and possess a free account, just log in. Following that, you may acquire the Arkansas Quitclaim Deed (Short Form) template.
Unless you offer an accounts and would like to begin using US Legal Forms, abide by these steps:
- Obtain the kind you need and make sure it is for the right metropolis/region.
- Utilize the Preview button to examine the shape.
- Browse the description to actually have chosen the proper kind.
- If the kind isn`t what you`re looking for, utilize the Look for field to get the kind that meets your needs and requirements.
- Whenever you obtain the right kind, simply click Acquire now.
- Select the rates prepare you want, complete the desired information to create your account, and pay money for your order making use of your PayPal or Visa or Mastercard.
- Select a handy data file format and acquire your backup.
Discover each of the papers templates you might have bought in the My Forms food list. You can obtain a more backup of Arkansas Quitclaim Deed (Short Form) whenever, if necessary. Just go through the needed kind to acquire or print the papers template.
Use US Legal Forms, by far the most comprehensive selection of legal types, in order to save some time and steer clear of faults. The support gives appropriately created legal papers templates which can be used for a selection of reasons. Create a free account on US Legal Forms and begin creating your lifestyle a little easier.
Form popularity
FAQ
An Arkansas quitclaim deed allows someone who owns a property (grantor) to transfer ownership of that property to someone else (grantee). The property transfer comes with no promises or guarantees about the property's title or the grantor's right to sell the property.
The new owner or that person's agent must submit a signed real property tax affidavit of compliance?or just affidavit of compliance?when filing a deed with the county recorder. The affidavit gives details about the transfer?including the purchase price and transfer tax amount or any exemption.
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.
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it. Despite this, it is useful in some situations. This article is for informational purposes.
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 most cases, an Arkansas Quitclaim Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical quitclaim deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.
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.
