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Whether you are looking to transfer ownership of your property to someone else, or add someone to the title of your property, AZ Statewide Paralegal is here to guide you through the process. With decades of experience, our team provides complete case management services for quit claim deeds and warranty deeds in Tucson and Phoenix, AZ.
Put simply, deeds are evidence of ownership. A deed is a written, legal document that proves ownership or legal interest in a property. These documents also serve as property transfer deeds, which are used to transfer property ownership from one person or entity to another. Furthermore, another person or entity may be added to the title of your property alongside you, using a deed.
Often mistakenly referred to as “quick” claim deeds, quit claim deeds are a straight forward way to transfer one’s property interest to another person or legal entity. It’s essentially the legal document form of a handshake. However, when you sign a quit claim deed, you do not make any guarantees or promises about whether someone also has legal interest in the property. You are merely signing over your legal interest, if any. The person signing over interest is the grantor, and the person or entity receiving interest is the grantee.
A quit claim deed is more commonly used between trust parties. As these property transfer deeds do not offer any guarantee regarding the condition or ownership history of the property, they are better suited between trusted acquaintances or family members. However, that does not mean they cannot be used in other circumstances.
As the name implies, a warranty deed is a transfer deed with warranty coverage. A warranty deed guarantees that no other party has any legal interest of right to the property. By signing a warranty deed, you as the grantor are providing a promise, or warranty, that the property is free and clear with no liens against it. Warranty deeds offer more protection and security for the new property owners.
A warranty deed is a common agreement. It is typically used in standard real estate transactions of property transfers. It is beneficial for new owners or buyers as it provides assurances regarding the history and ownership of the property.
Property transfer deeds are also an integral component in estate planing. The deed to your property specifies the type of ownership you have. For instance, you may have sole ownership, joint tenancy with the right of survivorship, tenancy in common, community property with the right of survivorship, or a beneficiary deed.
The term “right of survivorship,” means the co-owner of the property will receive full ownership should the other co-owner pass away. The term “tenants in common,” means the ownership of one co-owners portion of the property will be distributed according to state law to the heirs, through intestate successor or in accordance with the co-owners last will and testament. When you work with AZ Statewide Paralegal, we think ahead. We ensure our legal document preparation services align with how you want your property titled.
An Affidavit of Property Value document is required for all property transfer deeds, unless the proper exemption code is stated and included on your deed. At AZ Statewide Paralegal, our experts are proficient in each type of exemption code, ensuring our clients receive the correct information and that the correct exemption code will be noted based upon the type of property transfer. For cases where an exemption code does not apply, our team will prepare your Affidavit of Property Value and record it for no additional fee.
From estate planning to adding a loved one to your deed or transferring property all together, AZ Statewide Paralegal is here to help you streamline and facilitate the process. Our complete case management legal document preparation services and Arizona Certified Legal Document Preparers are equipped to guide you through the preparation and filing of both quit claim deeds and warranty deeds. Contact our friendly team today to get started.
Tucson –
9am to 5pm Monday to Friday
Evenings by Appointments only.
Phoenix and Mesa –
9am to 5pm Monday to Friday