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Quit claim deed form rhode island

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This document is a Quitclaim Deed transferring property from an individual (Grantor) to a corporation (Grantee) for a nominal consideration of ten dollars. It includes details about the property, legal compliance with state laws, and certification regarding smoke detectors. The document requires notarization and provides spaces for the names and addresses of both parties.

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How to do a quitclaim deed in Rhode Island?

Laws 34-11-1.1, the grantor must sign the document before a notary public. Recording Requirements: Per RI Gen. Laws 34-11-1, the grantor should record and file the property transfer in the same town or city where the property is situated. They can complete this task by visiting the relevant Recorder of Deeds.

Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. 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 problems with a quit claim deed?

Since a quitclaim deed doesnt guarantee clear ownership, you might unknowingly transfer property with liens or other claims against it. This can lead to estate planning problems, especially if the grantor doesnt fully own the property or other family members dispute the transfer.

What voids a quit claim deed?

A quitclaim deed is only valid if both parties willingly performed the property transfer. If there is evidence that the grantor was coerced into filing the quitclaim against their will, this is grounds to revoke it.

What is required on a quitclaim deed in Rhode Island?

Legal Framework Legal Description. The grantor must include an accurate legal description of the property for their quitclaim deed to be valid. Signing. In Rhode Island, the grantor must sign the document before a notary public (RI Gen. Filing. Rhode Island does not have a county recorders office.

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