A quitclaim deed transfers whatever interest, if any, a grantor may have in the property, without specifying the interest in any way. No warranty of ownership is given. A quitclaim therefore can be used to terminate an easement. This form is a generic example that may be referred to when preparing such a form for your particular state.
South Dakota Quitclaim Deed Termination or Terminating Easement
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FAQ
Signing Requirements for South Dakota Deeds. A South Dakota deed must include the current owner's original signature. The owner's signature should be dated. A deed transferring real estate owned by two or more owners must include all co-owners' signatures?unless only one owner is transferring an interest.
A South Dakota quitclaim deed is a conveyance instrument for real property that does not guarantee the title's condition or the grantor as the legal title holder.
A South Dakota deed used in the purchase, exchange, transfer, or assignment of real estate must be accompanied by a certificate of value (Dept. of Revenue Form PT 56) when it is presented for recording. Form PT 56 is not required when recording South Dakota transfer-on-death (TOD) deeds.
The cost of transfer taxes in South Dakota is $0.50/$500 of the home's sale value. Most real estate transfers will be charged this tax, but there are some exceptions. Exceptions include, but are not limited to, transfers between spouses, foreclosure, distribution of estates, divorces, or pure gifts.
Extinguishing Methods: There are several legal methods to extinguish an easement, including release, merger, destruction, abandonment, and adverse use.
A transfer on death (TOD) deed is like a regular deed you might use to transfer your South Dakota real estate, but with a crucial difference: It doesn't take effect until your death.
An easement usually is written so that it lasts forever. This is known as a perpetual easement. Where state law allows, an easement may be written for a specified period of years; this is known as a term easement. Only gifts of perpetual easement, however, can qualify a donor for income- and estate-tax benefits.
