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Commonly Asked Questions about Warranty Deeds in South Dakota

A South Dakota quit claim deed is a form that documents the transfer of property from one party to another. This is an informal manner of transferring property between parties, commonly between family members. Updated June 13, 2024.
Recording Requirements: Per SD Codified Laws 43-28-1, quitclaim deeds must be recorded with the County Register of Deeds Office where the real property is situated. Transfer Tax: Yes. The transfer tax is $0.50 for each $500 of value. The grantor must pay the fee (SD Codified Laws 43-4-21).
A warranty deed implies the following covenants on the part of the grantor: (1) That he is lawfully seized of the premises in fee simple and has good right to convey the same, (2) that the premises are free from all encumbrances, (3) that he warrants to the grantee, his heirs, and assigns the quiet and peaceable
A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.
You must sign the deed and get your signature docHubd, and then record (file) the deed with the county register of deeds office before your death. Otherwise, it wont be valid. You can make a South Dakota transfer on death deed with WillMaker.
Pros and Cons of Quitclaim Deeds Pros. There are several benefits of using a quitclaim deed, including: Simple Process. Completing a quitclaim deed is a simple and straightforward process. Affordable. Quick. Multiple Uses. Cons. No Warranties. Assumption of Liabilities.
Quitclaim deeds, therefore, are commonly used to transfer property within a family, such as from a parent to an adult child, between siblings, or when a property owner gets married and wants to add their spouse to the title. Married couples who own a home together and later divorce also use quitclaim deeds.