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Quitclaim deeds are the fastest way to formally and legally transfer property among people. As you can see from the first sample form, a quitclaim deed can be used to add the name of your spouse to the title you own. They are most common in real estate transactions that don't involve money.
Joint Tenancy: a form of co-ownership where property is owned by two or more persons at the same time in equal shares. Each joint owner has an undivided right to possess the whole property and a proportionate right of equal ownership interest.
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.
Georgia does not recognize tenancy by the entirety. The closest equivalent tenancy in Georgia is Joint Tenancy with Right of Survivorship. Georgia joint tenancy has the benefit of being available to non-married parties and is not limited to two co-owners.
The State of Georgia does not recognize tenancy by the entirety, although it does provide some protection for spouses when one partner passes away. Spousal rights are preserved through a mechanism called Petition for Year's Support, which passes title of the home to the surviving spouse.
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In single name cases (as opposed to situations where both owners' names are on the deeds) the starting point is that the 'non-owner' (the party whose name is not on the deeds) has no rights over the property.
(3) A joint tenancy may be severed by either owner's \u201crecording of an instrument which results in his or her lifetime transfer of all or a part of his or her interest\u2026\u201d(4) Typically, one joint tenant will execute a quitclaim deed of his interest in the property to a third party.
If you have a mortgage on the property you will need the lender's consent before you can add someone else to the property deeds. The new owner will become equally liable for the mortgage repayments once the transfer takes place.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
Moving Forward Type of DocumentPrior Fee Structure*New FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each add'l page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each add'l page$25.006 more rows • Jun 11, 2019

quitclaim deed georgia to add spouse