For married couples, the title is automatically held as tenancy by entirety. For title transfers that grant ownership rights to the at least two unmarried individuals, the presumption is to hold the title under a tenancy of common, unless stated otherwise. When dealing with the conveyance of rights to residential property, the state permits three methods for holding the title – joint tenancy, tenancy in common, and tenancy by entirety. This is an important consideration, especially in residential property. The deed should also have details about how the grantee wishes to hold the property title – the vesting interests. To be lawful, the deed must identify the full legal names, the mailing addresses and the marital statuses of both the grantor and the grantee. All you need to do is to stick to the set regulations. Note that even though the state of Maryland doesn’t have specific statutes on the use of quitclaims, it permits the use of the deed. Ensure that you download the printable PDF version of the quitclaim. This form serves as a template to guide you in the preparation of the deed. If using the quitclaim to transfer your rights to property to a grantee, you should first download a free deed form, the free Maryland quitclaim deed form. Legal requirements for a valid quitclaim in Maryland So, if it later turns out that the deed had defects, the grantee will have no legal recourse against the grantor. In short, this condition means that the executed quitclaim does not guarantee the grantee that the grantor is the actual legal owner of the property, and the deed only transfers the rights held by the grantor at the time the deed is signed. Unfortunately, the quitclaim deed in Maryland comes with one caveat: like every other quitclaim in the country, the document does not provide any warranties on the title, which is why the deed is also called a non-warranty deed. This document is not, however, called a quick claim deed, despite the use of this reference by some people. It simplifies the conveyance of rights to property between family and trusts legally while recognizing the person giving up their property rights as the grantor and the recipient of the right as the grantee. The quitclaim deed, quitclaim, quitclaim deed form, or a non-warranty deed is the legal instrument used to transfer interests in real property from one person to another. Fortunately for us, the law has a simple plan for us – the quitclaim deed. You don’t want someone else to sell your property the record it leaving your spouse or kids out in the cold, and you certainly want to keep a historical record of every transaction. No one in their right mind would give up their interests in real property without having a proper record of the same, right? The reason for this is that even when transferring/ gifting title deeds to our siblings or children, we want to ensure that this transaction is recorded well. Your Guide to the Quitclaim Deed in Maryland Do any of these situations apply to this Quitclaim Deed?.Required for an oil and gas lease valued at less than $100.00.The debt on the property being transferred is more than the property's value.Transfers full ownership to a business you own or you, as owner, of a business are transferring property from the business to your individual name.Necessary to transfer title after the terms of a land contract are met.Required for clarification after a legal name change.Required to clarify the real estate is community property.Required to clarify the real estate is the separate property of a spouse.Complies with a court order which did not require the sale of the property but rather a transfer between parties.Changes tenancy between the property owners (ex: from joint tenancy to tenancy in common with rights of survivorship).Transfers land into or out of a Living Trust.Transfers the property to pay off a loan or debt.Transfers the property as security for a debt (to obtain a mortgage, for example).Clarifying a deed previously filed which does not change the property owners or their interest (ex: to add a middle initial for an owner).Part of a divorce settlement giving interest to an ex-spouse.
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