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Oklahomas real estate statutes and Oklahoma courts call a deed that transfers real estate without warranty of title a quitclaim deed. The alternative spellings quit claim deed and quit-claim deed are generally acceptablethough used less frequently.
16) A quit claim deed must be filed with the local County Clerks Office along with the required filing fee (varies by location). Signing (16 Okl.
Each party in a joint tenancy has an equal interest in the propertythe financial obligations as well as any benefits. A joint tenancy creates a right of survivorship, which means that if one party dies, their interest is automatically transferred to the surviving tenant(s).
Both spouses must sign a deed if the owner is married and the real estate qualifies as a homesteadunless the non-owner spouse resides outside Oklahoma.
There are two types of tenancies that possess the right of survivorship: joint tenancy and tenancy by the entirety.
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Per state law, an Oklahoma quitclaim deed must be in writing, describe the property, and be signed by the grantor. The grantors signature must be acknowledged and the deed must be recorded. When recording the deed, you will need to pay a recording fee and a documentary stamp tax, which is a transfer tax.
You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
An Oklahoma deed is a legal form that can be used to transfer interests in real property, or land and buildings, from one owner to another. Deeds are required to list the seller (grantor) and the buyer (grantee), legal description of the property, and a notary acknowledgment.
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.
Typically, when one joint tenant of a home dies, their interest in the home passes automatically by right of survivorship to the surviving joint tenant.

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