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What does a quitclaim deed do? 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 Act provides that the due on sale clause is unenforceable if the title is transferred to an heir, if the property is transferred in the event of a divorce, or if the property is transferred to a living revocable trust.
Nevada law requires that deeds include certain information to be recordable and validly transfer ownership of real estate. Names and addresses, a legal description and parcel number for the property, and the current owners docHubd signature all must appear within a quitclaim deed or other Nevada deed.
Upon the transfer of any real property in the State of Nevada, a special tax called the Real Property Transfer Tax is imposed. The County Recorder in the county where the property is located is the agency responsible for the imposition and collection of the tax at the time the transfer is recorded.
Contact Your Lender. Form an LLC. Obtain a Tax ID Number and Open an LLC Bank Account. Obtain a Form for a Deed. Fill out the Warranty or Quitclaim Deed Form. Sign the Deed to Transfer Property to the LLC. Record the Deed. Change Your Lease.
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The Grantee and Grantor are jointly and severally liable for the payment of the tax. When all taxes and recording fees required are paid, the deed is recorded. Each County Recorders Office: 1.
You must pay a fee to file a deed with the county recorder. The fee should be $14.00 to record the first page of a quitclaim deed and $1.00 for each additional page. However, you should call ahead of time to check about the amount and acceptable methods of payment.
Nevada Quitclaim Deed Laws and Requirements Under Nevada law, a quitclaim deed must be in writing, contain a legal description of the property, and meet specific signing and acknowledgment requirements. You must pay a transfer tax and record the deed.
To file a quitclaim deed in Nevada, you will need to contact the Recorder of Deeds in the county in which the property is located and ask about the countys specific requirements for quitclaim deeds.
Avoiding personal liability This is the major advantage of an LLC. You want the best option for limiting your personal liability should an unforeseen circumstance arise relating to your property. LLCs provide that protection.

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