The purpose of a Maryland quitclaim covenant is to register the owner’s intentions to convey their real property to another individual. The procedure of estate transfer is not very complicated. Still, there are some essential aspects to mention.
First of all, both parties should be aware that quitclaim deeds do not provide 100% guarantees as to the title. This means that there might appear other interested individuals claiming the property after the purchase. To avoid unpleasant disputes, the purchaser (or the grantee) should do their best to find out as much information as possible regarding the real estate.
On the other hand, the grantor is responsible for preparing and filing this form covenant with the defined departments, which means that they should also complete additional documents and provide filing fees.
Maryland quitclaim deeds are common among parties who know each other’s background and, therefore, can entrust the monetary compensation or any other negotiated consideration for the real property.
All real property aspects, including creation and reporting quitclaim deeds, are regulated by Section 3-104 of the Maryland Code. Here, you will find all rules and conditions regarding estate transfer.
Section 3-104 of the Maryland Code states that quitclaim covenants must be authenticated either in the presence of a notary public or a court officer.
Quitclaim covenants should be served to and recorded at the Clerk of the Circuit Court. Each county in Maryland charges different fees. Therefore, preparers should consider the location where the real property is situated and file the paperwork at the correct department.
A quitclaim deed will not be filed unless accompanied by the Land Intake Sheet. This document provides inherent information regarding the land and taxation data.
In the US, each state has its specific demands to quitclaim covenants. Therefore, the documents can differ from territory to territory. Nonetheless, the contents are affirmed.
We encourage you to apply the plan below when filing out a quitclaim deed template. Also, make use of our advanced PDF-building software to generate and download the needed form.
1. Enter the Date
Begin completing the document by entering the current day, month, and year (spelled out).
2. Identify the Parties
Next, the quitclaimer should enter the parties’ names. Traditionally, Maryland deeds require the preparer to add information about the grantor and the grantee.
In some cases, one of the parties or both the grantor and grantee are organizations. Enter the entity’s legal name to introduce each participant.
3. Submit the Amount Paid
Once you have introduced the parties, specify the amount the grantee (or the purchaser) intends to transfer for the premises under discussion. If the exchange does not include monetary funds, comment on this aspect. You are welcome to use attachments and describe any valuable assets involved in the transaction.
4. Describe the Premises
Provide the property description, including its location and name. Location is essential when filing the quitclaim form with the Clerk of the Circuit Court as the district jurisdiction must coincide.
5. Attest the Quitclaim Paper
To authenticate the Maryland quitclaim covenant, the grantor should append their signature. If the grantor possesses an organizational seal, let them place it in the corresponding space.
6. Certify the Quitclaim Form by the Notary Public
In Maryland, quitclaim notarization is obligatory, as the grantor needs certified proof of their consent to convey the property. Therefore, the grantor should append their signature in the presence of a notary public and then notarize the act. Let the licensed notary record the following:
7. Collect and File the Paperwork
The final stage of quitclaim registration is filing the papers (the deed, the Land Intake Sheet, and the quitclaim covenant attachments, if any) with the Clerk of the Circuit Court. Each county in Maryland has its Circuit Court. Therefore, the grantor is empowered to learn the details about local departments on the Maryland Courts governmental website.
After paying the required fee, the deed will be collected and registered. Once registered, the officials will mail the document back to the address provided by the preparer (or the grantor).
If the grantor seeks assistance from a Maryland state-licensed attorney to prepare the referenced deed, corresponding notes must be provided.
Some other major Maryland templates readily available for download and that can be customized in our hassle-free document maker.