Maine Sample Letter for Original Recorded Warranty Deed
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How to fill out Sample Letter For Original Recorded Warranty Deed?
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Maine Deed Form Maine Quitclaim Deed Form. Maine Quitclaim Deed With Covenant Form. Maine Warranty Deed Form. Maine Life Estate Deed Form. Maine Transfer on Death Deed Form.
Quitclaim or Warranty Deed: Prepare deed and record in the registry of deeds: $350 (does not include county recording fees, or transfer tax (if applicable).
A deed is a formal document conveying an interest in real property from one party to another. A covenant is most typically going to refer to a condition that is part of either of those transactions, such as a contractual covenant not to compete or a deed covenant to use property in a certain way.
To be able to record the deed, it must be accompanied by a transfer tax form and payment of transfer tax. Transfer tax rate in Maine is ?$2.20 per $500 or fractional part of $500 of the value of the property being transferred.? Further, transfer tax is imposed 50/50 on both the grantor and grantee.
Must be acknowledged and notarized. Deeds conveying property must include a transfer tax form, and pay tax, unless exempt.
The execution of the deed is the actual signing of the deed by the grantor or by the grantor's authorized agent. Execution is an essential element to the validity of a deed.
There are up to six express covenants that may be found in a deed: the covenant of seisin, the covenant of the right to convey, the covenant against encumbrances, the covenant of quiet enjoyment, the covenant of general warranty, and the covenant of further assurances.
General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.
