Purpose of Quitclaim Deed
A New Hampshire Quitclaim Deed from Individual to Individual is a legal document used to transfer ownership of real estate from one individual to another. This type of deed conveys the grantor's interest in the property without guaranteeing that the title is free of claims or encumbrances. It is commonly used in situations where the parties know each other, such as family transfers or informal sales.
When this document becomes relevant
This form is typically used in the following scenarios:
- Transferring property between family members, such as parents to children.
- Transferring property as part of a divorce settlement.
- Conveying property to a partner or friend without a formal sale.
- Correcting a previous deed that may have inaccuracies.
Intended audience of Quitclaim Deed
This form is intended for individuals who are:
- Property owners looking to transfer their interest in real estate.
- Family members involved in property transfers.
- Individuals settling property matters related to divorce.
- Anyone needing to correct or clarify property ownership without a warranty.
Required information in this form
The New Hampshire Quitclaim Deed includes several important sections:
- Grantor and Grantee Information: Names and addresses of the individuals involved in the transfer.
- Property Description: A detailed description of the property being transferred.
- Consideration: The amount of money or value exchanged for the property.
- Signatures: Signatures of the grantor and a notary public to validate the deed.
- Exemptions: Information regarding any applicable tax exemptions related to the transfer.
Tips for filling out the Quitclaim Deed
Follow these steps to fill out the form:
- Identify the Parties: Enter the names and addresses of the grantor (the seller) and the grantee (the buyer).
- Describe the Property: Provide a clear description of the property, including its location and any relevant details.
- State the Consideration: Indicate the amount of consideration, typically a nominal sum like ten dollars, along with any additional value exchanged.
- Sign the Document: The grantor must sign the deed in the presence of a notary public, who will then acknowledge the signature.
- File Required Documents: Submit any necessary forms, such as the Real Estate Transfer Tax Declaration, to the appropriate authorities.
Where this form is valid and how
In New Hampshire, specific requirements for the Quitclaim Deed include:
- The deed must be signed by the grantor and notarized to be valid.
- A Real Estate Transfer Tax Declaration must be filed with the state’s Department of Revenue.
- Within thirty days of recording the deed, an original Form PA 34 must be submitted to the Department of Revenue.
Why use this form online
Accessing the New Hampshire Quitclaim Deed online offers several advantages:
- Convenience: Download and complete the form from anywhere, at any time.
- Editability: Easily make changes and corrections before finalizing the document.
- Legal Reliability: The forms are drafted by licensed attorneys, ensuring they meet legal standards.
