This form is a Quitclaim Deed, without Quitclaim Warranties, where the Grantors are three Individuals and the Grantee Trust. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.
Boston Massachusetts Quitclaim Deed, W/O Quitclaim Covenants, from Three Individuals to a Trust
Category:
State:
Massachusetts
City:
Boston
Control #:
MA-025-77
Format:
Word;
Rich Text
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FAQ
No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.
A Massachusetts quitclaim deed ? comparable to special warranty deeds in other states ? is a document used to legally transfer property and buildings from one party to another, such as a seller and buyer.
The registry of deeds charges a fee of $125 to record the deed which the buyer pays. All deeds must be notarized by a notary public who must verify the sellers' identification through a state issued driver's license or acceptable form of identification.
How Much Are Transfer Taxes in Massachusetts? The amount of the transfer tax depends on how much the property sells for and its location. The basic transfer tax rate in Massachusetts is $2.28 per $500 of property value. However, some counties charge additional transfer taxes.
In Massachusetts, there are three types of property deeds used for real estate transactions: warranty deeds, quitclaim deeds and release deeds. Each type of deed offers varying levels of protection and guarantees against flaws in the title of the transferred real estate.
Per Massachusetts General Law Chapter 183 § 4, quitclaim deeds must be filed with the Registry of Deeds Office in the county where the property is located.
The quitclaim deed is the most commonly used deed in the purchase and sale of residential property in Massachusetts. It plays a fundamental role in the types of assurances the seller makes when transferring its rights, and in how the buyer takes title.
Deed Tax Stamps are traditionally paid by the seller. If you are buying in Worcester or one of the towns that border, the title search might be paid by the seller.