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The document is a Quitclaim Deed, which is a legal instrument used to transfer real estate ownership from one individual (the Grantor) to another (the Grantee) in Kansas. It includes sections for recording details, fees, and signatures, as well as a legal description of the property being transferred. The deed conveys all rights to the property while reserving any oil, gas, and mineral rights owned by the Grantor.

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What is the disadvantage of a quitclaim deed?

Ultimately, the main problem with quitclaim deeds is their lack of any guaranty on the part of the person transferring their ownership interest in the property. With a quitclaim deed, the grantor only states that they are transferring any interest they may have in the propertywhatever that interest may be.

What is the main purpose of a quit claim deed?

A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.

How much does a quitclaim deed cost in Kansas?

28-115, the register of deeds charges the following fees for recording legal documents, including Kansas quitclaim deeds: $21 for the first page, not to exceed 8 in. x 14 in. $17 for each additional page or fraction thereof.

Who benefits the most from a quitclaim deed?

Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

What are the risks of a quitclaim deed?

Yes, quitclaim deeds do have risks. The biggest one is that theres no promise the person giving you the deed actually owns the property clearly. Also, even after giving away the property, the original owner might still have to pay the mortgage.

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How to do a quit claim deed in Kansas?

Any form you use should state that it is a quitclaim deed. Include the grantors name, the grantees name and the address of the property that the grantor is transferring. The deed must state that the grantor is quitting any interest in the property and transferring that interest to the grantee.

What is the usual reason for using a quitclaim deed?

Quit claim deeds offer a streamlined approach to property transfers, especially among family members or trusted parties. While they provide speed and simplicity, they lack the security of warranties, making them less suitable for transactions involving unfamiliar parties.

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What is the disadvantage of a quitclaim deed?

What is the main purpose of a quit claim deed?

How much does a quitclaim deed cost in Kansas?

Who benefits the most from a quitclaim deed?

What are the risks of a quitclaim deed?

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How to do a quit claim deed in Kansas?

What is the usual reason for using a quitclaim deed?

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