The District of Columbia Deed is a legally binding document that serves as evidence of ownership or transfer of real estate property within the District of Columbia. A deed is required whenever a property is sold, gifted, inherited, or transferred from one party to another. This document outlines the specific details of the property, the names of the granter (seller) and grantee (buyer), and the terms and conditions of the transaction. There are several types of District of Columbia Deeds: 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyer, as it guarantees that the seller holds clear and marketable title to the property. It also assures the buyer that the property is free from any encumbrances or claims, and the seller is liable for any title defects that may arise. 2. Special Warranty Deed: This deed offers a limited warranty to the buyer, stating that the seller only guarantees clear title during the time they owned the property. It does not cover any title issues that might have existed before the seller acquired the property. 3. Quitclaim Deed: A quitclaim deed transfers any interest or claim the seller may have in the property, without making any guarantees about the property's title. It is commonly used in situations such as gifting property between family members or transferring property rights during divorces. 4. Trustee's Deed: This type of deed is used when a property is held in a trust. It conveys the property from the trustee, who manages the trust, to a new owner, usually upon the fulfillment of certain conditions or the termination of the trust. 5. Tax Deed: A tax deed is issued by the government when a property owner fails to pay their property taxes. It allows the government to sell the property in public auction to recover the unpaid taxes. It is crucial to consult a real estate attorney or title company to guide you through the specific requirements, regulations, and processes related to District of Columbia Deeds. They will ensure that the appropriate type of deed is utilized and that all necessary documentation is properly prepared and executed to protect the interests of both the buyer and seller.
District of Columbia Deed
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You may research this information at: Office of the Recorder of Deeds or Real Property Tax Database Search. The cost to purchase a copy is $2.25 per page plus ($2.25) per document for certification of a copied document. Your copies will be mailed promptly to you.
A Washington, D.C. quitclaim deed is a document allowing a property's owner (grantor) to transfer property to a new owner (grantee) without guaranteeing the title. This works best when the two parties know and trust one another, such as when adding a spouse to a deed or transferring property within the same family.
1.1 % of consideration or fair market value for residential property transfers less than $400,000 and 1.45% of consideration or fair market value on the entire amount, if transfer is greater than $400,000.
The DC recorder of deeds requires two forms when recording deeds: Real Property Recordation and Tax Form FP-7/C. Form FP-7/C is a return form listing details about the transfer?including the amount of consideration. The current owner and new owner must both sign the form.
010: Quitclaim deeds are filed with the Washington County Recorder or County Auditor in the county where the property is located. A filing fee is required when recording. Additional Documents § 65.04. 045: The document must be 8.5 inches by 14 inches, with 8-point font or larger and a one-inch margin on all sides.
A Washington D.C. quitclaim deed is a form that allows the owner of a property (known as the seller or ?grantor?) to transfer the property to another party (known as the buyer or ?grantee?). This deed does not offer the grantee any guarantees about the title, such as whether there are liens or encumbrances against it.
A Security Affidavit is required on all Residential Deeds of Trust and Modifications. All Judgments, Orders, etc. must be certified by the DC Superior Court. All notarized documents must include the notary seal (if applicable), signature, name and expiration date.
The Office of Tax and Revenue's (OTR) real property tax database provides online access to real property information, including but not limited to: property value, owner's name and address, the property's square feet, and use code. Users can also do a search by address to obtain the square, suffix, and lot.