Montana Partition Warranty Deed
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How to fill out Partition Warranty Deed?
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FAQ
In Montana, real property can be transferred from one party to another by executing a warranty deed. These deeds are valid for both residential and commercial transactions. Warranty deeds are not statutory in Montana. The state provides a general form that may be used for a warranty deed (Mont.
A Montana quitclaim deed is a legal form that transfers real property (land and buildings) without warranties or promises about the validity of title.
Montana does NOT have a Real Estate Transfer tax; you only need to file a Realty Transfer Certificate. ?Transfer? includes sales, exchanges, gifts, inheritances or any other transaction where the property changes ownership.
A Montana quitclaim deed is a legal form that transfers real property (land and buildings) without warranties or promises about the validity of title.
Whenever property is sold or gifted, a deed must be executed by the person or entity transferring ownership, the ?grantor,? and recorded with the Clerk and Recorder in the county where the property is located. The grantor will also need to file a Realty Transfer Certificate and pay the recording fee ($8 per page).
Understanding the Different Types of Deeds in Montana A deed transfers real property from a grantor to the grantee. There are three main types of deeds: the general warranty deed, the special warranty deed, and the quitclaim deed.
For convenience and simplicity in estate planning, Montana law allows for transfer on death deeds (TOD deeds)?a deed, executed and recorded during the lifetime of the grantor(s), which allows real property to pass to the designated beneficiaries outside of probate.