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The legal instrument by which the transfer is effected may be known as a quitclaim deed or a quitclaim agreement. [3] Details of the instrument itself, and the typical circumstances of use, vary by U.S. state.
Grant deeds strike a balance between protection and simplicity. [2] They use precise and unambiguous language to ensure clarity and understanding, and they include warranties that offer protection against future claims on the property. [2] Grant deeds require full disclosure of any encumbrances on the property, such as liens or restrictions. [1]
This page was last edited on 31 December 2021, at 20:00 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Keep the "Quitclaim deed" article and change this one to a re-direct. Also, redirect "Quick claim deed" to "Quitclaim deed".Kgrr 17:28, 8 August 2007 (UTC) I am an attorney; the correct phrase is quit claim deed. I suggest keeping the "Quit Claim Deed" article and then re-directing both Quick Claim Deed and Quitclaim Deed" to "Quit Claim Deed".
The death of a co-owner of tenants in common (TIC) deed will have a heritable portion of the estate in proportion to his ownership interest which is presumed to be equal among all tenants unless otherwise stated in the transfer deed. However, if TIC property is sold or subdivided, in some States, Provinces, etc., a credit can be automatically ...
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