Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy - South Carolina: Fill out & sign online

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What do married couples usually hold property as?

Spouses typically acquire title as tenants by the entireties, which only applies to spouses. Sometimes you will see a couple who acquired the property before marriage. In some states, a pre-marital joint tenancy automatically becomes tenants by the entireties upon marriage.

Is tenancy in common a good idea?

For those who are purchasing a property with someone who is not related to them, or for investment purposes, titling as tenants in common is a good choice. When buying a dwelling with your spouse as a primary residence, joint tenancy usually makes more sense.

Who pays the deed transfer tax in SC?

It is customary for the seller of the property to pay all real estate transfer taxes in South Carolina. The transfer taxes are usually due at the time of closing, alongside other fees such as appraisal fees or agent fees.

Are married couples automatically joint tenants UK?

Most married couples tend to hold their property as joint tenants. However, this is not compulsory and married couples can opt to hold property as Tenants in Common if they wish.

How do you transfer a house deed in South Carolina?

In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorders office, along with an Affidavit of True Consideration (S.C. Code Ann. 12-24-70(A)(1)).

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