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What is a warranty deed in Kansas?

A Kansas general warranty deedoften called just a warranty deedtransfers ownership of real estate with unrestricted warranty of title. 8. The current owner promises that the title is valid and defect-free and that they will defend the transferred title if a conflicting third-party claim arises.

What is a warranty deed?

by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

Does Kansas have a transfer tax?

States with no real estate transfer taxes Idaho. Indiana. Louisiana. Kansas.

What are the disadvantages of a quit claim deed?

No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.

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

Does Kansas Charge a Transfer Tax for Real Estate Transfers? No. Kansas is one of a few states with no transfer tax or deed tax on real estate transfers.

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