![]() This is usually most easily found in the deed that transferred the property to the grantor.įor the sake of clarity, it is also a good idea to add the street address of the property, and the property “folio" number used by the property appraiser. For the grantee, this should be the full legal name of the grantee.įor example, if the grantee's legal name is “Frederick Johnson," the deed should not have the name “Fred Johnson." A Description of the Property Being TransferredĮvery parcel of property has what is called its legal description. The quit claim deed needs to include the full legal name of both the grantor(s) and the grantee(s).įor a grantor, this should be the name as it appeared on the deed when the grantor obtained title. The basic requirements for a quit claim deed in Florida (as in other states), are as follows: The Legal Names of the Parties Most real estate transactions involving a warranty deed will also have title insurance. If it turns out that the grantor does not have title, the grantee can sue the grantor. A warranty deed includes a provision that guarantees the grantee that the grantor has legal title to the property. In the typical transaction between sellers and buyers who don't know each other, a warranty deed is used. Quit claim deeds are also often used to transfer title to property in connection with a divorce, in order to get one of the spouse's names off of the title. Quit claim deeds are usually used when the grantee is certain of the grantor's ownership such as when transfers are made between family members, between an individual and a trust, or from a business owner to the business entity. With a quit claim deed, if it turns out that the grantor does not have any interest in the property, the grantee will not be able to sue the grantor. In essence, a quit claim deed says: “I am giving you whatever interest I may have in this property, but I'm not promising that I have any such interest." ![]() A person to whom an interest in real property is transferredĪ quit claim deed transfers title to real estate without providing any guaranty of the grantor's title. A person who transfers ownership of his or her interest in real property A legal document that transfers ownership of real property To understand real estate deeds, it is necessary to know a few legal terms: Preparing, executing, and filing a quit claim deed in Florida.
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