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How does a quit claim deed work in Arkansas?

An Arkansas quitclaim deed is a form that is used to transfer property from a seller to a purchaser without any warranty on the title. This type of deed only transfers the interest that the seller owns which may be no interest at all or clear title to the property.

Are quit claim deeds legal in Arkansas?

An Arkansas quitclaim deed has the same capacity to transfer title to real estate as Arkansas other deed forms. Howeverbecause a quitclaim deed has no covenants or warranty of titlethe transferor does not promise that the transferee actually will receive good, clear title to the property.

How long is a quitclaim deed good for in Arkansas?

Transferring Property In Arkansas With Quitclaim Deeds The quitclaim deed has a two-year period following its filing date during which it can be challenged. During this time period, any challenge to the validity of the quitclaim deed must be made by either the grantor or the grantee.

Does a quitclaim deed have to be docHubd in Arkansas?

This deed must be signed, docHubd, and recorded in the county where the property is located. Some counties have more than one recording office, so you need to be sure this deed is being recorded in the correct recording office. Must list the name and address of the person who prepared this deed.

Who can prepare a quit claim deed in Arkansas?

ing to Arkansas Code 14-15-404, all quitclaim deeds in Arkansas must be submitted to the office of the County Recorder Circuit Clerk for filing. The office will charge a recording or filing fee. Choose the Circuit Clerk that oversees the county where the property is located.

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How much does it cost to transfer a deed in Arkansas?

Arkansas charges a real property transfer tax for real estate transfers involving more than $100.00 in payment. The total transfer tax rate is $3.30 per $1,000.00 of considerationtwo-thirds of which is expressly the new owners responsibility.

What are the disadvantages of a quit claim deed?

What are the Disadvantages of a Quit Claim Deed? No Protections For The Transaction: Unlike warranty deeds, a quitclaim deeds does not offer protections for the new property owner. There is no way to guarantee that the property is owned free and clear, and that there are no easements or restrictions.

How do I file a quit claim deed in Arkansas?

How to Write File a Quitclaim Deed in Arkansas Step 1 Get the Arkansas Quitclaim Form. Step 2 Enter Name and Address. Step 3 Fill in Propertys County. Step 4 Write Dollar Amount. Step 5 Enter Grantors Full Name. Step 6 Enter Grantees Full Name. Step 7 Write Legal Description. Step 8 Get the Deed docHubd.

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