Append Name Warranty For Free

Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.

In Florida, state law does not require the parties involved in a real estate transaction to record a deed to make it valid. As provided by state law, a deed is deemed valid once it is executed, notarized, and delivered.

How do you file a warranty deed in Florida? A properly executed warranty deed is filed, or recorded, in the official records of the county where the property is located. The county records office will scan and stamp the deed. The records office will return the original to the property buyer.

The warranty deed is one type of recording instrument that reflects property title, which is the ownership of a property. The warranty deed is just one type of property deed and other types can provide property transfers from one party to another, but with varying warranty deed guarantees.

We recommend you consult with an experienced real estate lawyer for professional advice as each circumstance is unique. (Please note, the fee for our office to add someone to your deed is $650.00, plus recording costs and documentary stamps ? recordings costs are normally less than $50.00.)

A Florida general warranty deed form?also called a statutory warranty deed or simply warranty deed?gives the new owner an absolute warranty of title. It guarantees that no one has done anything to prevent the transferee from receiving good title to the property.

A signed, notarized original Florida deed must be filed in the land records of the county where the property is located. The county clerk of the circuit court maintains the county's land records.

Using a quitclaim deed is the simplest and least expensive way to transfer title to a property. In Florida, quitclaim deeds are most often used to add or remove family members onto the property title, transfer property to an LLC or living trust, or remove an ex-spouse from ownership after a divorce.