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What type of ownership recognized in Arkansas is only between spouses?

Community Property in Arkansas In terms of real estate, this may mean that property purchased by one spouse in a community property state as an investment or vacation home would be considered community property, even though conveyed by an Arkansas resident.

What is a warranty deed in Arkansas?

An Arkansas warranty deedsometimes called a general warranty deedtransfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the propertys entire chain of title.

How much does a warranty deed cost in Arkansas?

In most cases, an Arkansas Warranty Deed costs $185 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical warranty deed, the total cost is $205 (a $185 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.

How much does it cost to transfer a deed in Arkansas?

The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.

How many states have tenancy by the entirety?

Which States Recognize Tenancy by the Entirety. There are 26 states in the US which have tenancy by the entirety statutes on their books. The rules regarding tenancy by the entirety vary from state to state.

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Does Arkansas recognize tenancy by the entirety?

Any apartment may be held and owned by more than one (1) person as joint tenants, as tenants in common, as tenants by the entirety, or in any other real estate tenancy relationship recognized under the laws of this state.

What type of account ownership is limited to spouses?

Tenancy by the entirety is a form of property ownership reserved only for married couples. Each spouse has a legal right to an equal portion of the property provided they were married at the time title was received in both their names.

How do I transfer a property deed in Arkansas?

When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.

How do I transfer land to a family member in Arkansas?

In Arkansas, every legal transfer of real property requires a Real Property Transfer Tax Affidavit form. This form should be completed by the grantee and filed with the instrument (A.C.A. 26-60-107). When real property is conveyed as a gift, no transfer tax is due.

What type of ownership recognized in Arkansas is only between spouses?

Community Property in Arkansas In terms of real estate, this may mean that property purchased by one spouse in a community property state as an investment or vacation home would be considered community property, even though conveyed by an Arkansas resident.

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Does Arkansas recognize tenancy by the entirety?

What type of account ownership is limited to spouses?

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What type of ownership recognized in Arkansas is only between spouses?

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Get the up-to-date Warranty Deed for Separate or Joint Property to Joint Tenancy - Arkansas 2024 now

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How to modify Warranty Deed for Separate or Joint Property to Joint Tenancy - Arkansas in PDF format online

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Got questions?

What type of ownership recognized in Arkansas is only between spouses?

What is a warranty deed in Arkansas?

How much does a warranty deed cost in Arkansas?

How much does it cost to transfer a deed in Arkansas?

How many states have tenancy by the entirety?

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Does Arkansas recognize tenancy by the entirety?

What type of account ownership is limited to spouses?

How do I transfer a property deed in Arkansas?

How do I transfer land to a family member in Arkansas?

What type of ownership recognized in Arkansas is only between spouses?

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