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Quitclaim Deed from Individual to Two Individuals in Joint Tenancy - Tennessee 2025

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The document is a Quitclaim Deed that facilitates the transfer of property ownership from an individual (the Grantor) to two individuals (the Grantees) as joint tenants with the right of survivorship in Tennessee. It outlines the terms of the transfer, including the consideration amount, property description, and legal stipulations regarding survivorship and title source.

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How do I transfer ownership of a property in Tennessee?

How Do I Transfer Property Ownership to a Family Member in Drafting a deed that clearly names the new owner. Having the deed notarized and signed by all parties. Filing the deed with the register of deeds in the county where the property is located.

What is the joint tenancy law in Tennessee?

In Tennessee, when someone has a joint tenancy or tenancy in common with others, generally speaking, each joint tenant or tenant in common has an equal, undivided ownership interest in the property, and each has an equal right to possess and to enjoy the property.

What is the usual reason for using a quitclaim deed?

In Tennessee, the state charges a transfer tax rate of $0.37 for every $100 of the property sale price. Transfer taxes on a real estate transaction may not exceed $100,000. When a home valued at $300,000 is transferred, the buyer or seller will pay the state about $1,100 in deed transfer taxes.

What is the most common way to transfer ownership?

The most common way to transfer property is through a general warranty deed (sometimes called a grant deed). A general warranty deed guarantees good title from the beginning of time.

What are the requirements for a quitclaim deed in Tennessee?

Quit Claim Deed Owner name and address. Tax bill name and address. Map and parcel number. Grantor and grantee name(s) may convey interest only (no have and to hold language, no warrant defend clauses). Property/legal description. Current derivation clause. Oath of consideration, may have $0.00 or actual consideration.

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Can I transfer a deed without an attorney?

Self-filing the deed without an attorney is the most economical option for transferring real property title. However, it requires careful attention to detail. The Registers Office wont provide assistance or highlight mistakes in the paperwork.

Do both parties need to be present for quit claim deed?

Signing. Generally, only the grantors are required to sign a quit claim deed because a grantor is the one who is giving up property rights. Both spouses are considered the grantors in a quit claim deed conveying jointly held real property to one spouse, and so both spouses must sign the deed in front of a Notary Public

Quitclaim Deed from Individual to Two Individuals in Joint Tenancy - Tennessee 2025

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