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Tampa Deeds

Tampa deeds are a big part of any real estate transaction. A deed is a legal document that transfers or confirms the party that has an ownership interest in real estate property. Deeds are important documents, and it is crucial that you know which deed is important in your real estate case, and that you know how to fill it out accurately and completely. Below are a few of the most common types of Tampa deeds, and the functions they perform, and our Tampa deeds lawyer can help with all types of these deeds.

Corrective Deeds

As their name suggests, corrective deeds are used when an original deed contains a mistake that needs correction. When a deed contains certain errors, such as a typo in the legal description of the property, it can result in real problems for the owner. When the mistake is significant, a corrective deed is necessary. However, there are times when a corrective deed is not necessary, such as when the mistake is as simple as an incorrect date. A corrective deed can correct mistakes that would otherwise render a deed invalid.

Lady Bird Deeds

Lady bird deeds allow a property owner to retain and use the property during their lifetime and have it automatically transferred to a new owner upon their death. Lady bird deeds allow surviving loved ones to avoid the probate process while still acquiring the property and becoming the new owner. Lady bird deeds are divided into two different categories. The first is the life estate, which gives you the right to remain in the property during your lifetime. The second part of a lady bird deed is the remainderman, which is the beneficiary that will inherit the property upon the original owner’s death.

Quit Claim Deeds

Like other types of deeds, a quit claim deed will convey any interest the old owner, known as the grantor, may have had in the property to a new owner, known as the grantee. Quit claim deeds are usually most appropriate when the grantee is a trust or LLC established by the grantor, or when the grantee is a family member. A quit claim deed does not include a warranty, or a guarantee that there are no defects on the title. Quit claim deeds also do not provide for the legal remedy of suing for damages if it is later found that the title does contain a defect.

Warranty Deeds

Like quit claim deeds, warranty deeds also transfer ownership of a property from a grantor to a grantee. Unlike quit claim deeds though, a warranty deed guarantees that the title does not contain any defects. Under Florida law, if the title does contain a defect, a warranty deed allows the grantee to take legal action to recover damages for any harm sustained as a result of the defect.

We Can Provide All Your Deeds in Tampa

Regardless of the type of Tampa deeds you need, our attorneys at My Florida Deed can help. Call us today at 407-205-2906 or fill out our online form to schedule a meeting so we can advise on the type of deed you need, and assist you throughout the process.

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WARRANTY DEED

A Warranty Deed conveys property from the old owner (Grantor) to the new owner (Grantee) together with a guarantee that the Grantor has legal right, title, and interest in the property being conveyed and is authorized to do so. The warranty being given by the Grantor assures the Grantee that no one else has a valid ownership claim in the property. Essentially, it is the Grantor promising the Grantee that the Grantor is the only rightful owner of the property, and as such, the Grantor has the full authority to convey the property. This type of deed further provides a promise from the Grantor to the Grantee that the Grantor will defend against anyone who might come forward at any time in the future and try to make a claim that they had an interest in the property at the time of the conveyance to the Grantee.

This type of deed is generally used when consideration is being paid for the sale of the property between two unrelated parties.

Flat Fee: $175.00

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*Does not include Documentary Stamps, if required by the State of Florida

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Quit claim Deed

A Quit Claim Deed conveys any interest that the old owner (Grantor) may have in the property to the new owner (Grantee). Although this type of deed does successfully convey any interest the Grantor may have, it does not provide a warranty, or guarantee, to the Grantee that the Grantor had the legal right, title, and interest in the property to convey it. That is not necessarily to say that the Grantor does not have the legal right, title, and interest in the property being conveyed. It just relieves the Grantor from binding himself to a promise made to the Grantee regarding the property interest being conveyed.

This type of deed is generally used for the conveyance of property between related parties or when no consideration is being paid, such as for a gift or estate planning purposes. This type of deed is also commonly used for property transfers made in connection with a divorce.

Flat Fee: $175.00

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LADY BIRD Deed

A Lady Bird Deed is a unique form of deed created by statute in the State of Florida, and a powerful tool to avoid probate. With the Florida lady bird deed, you give yourself a life estate interest in your property and appoint remaindermen to become owners immediately upon your death. A life estate is a right to live in the property until your death. Remaindermen are like beneficiaries of your estate, who have a future ownership interest. What makes Florida lady bird deeds so valuable is that you retain full interest in the real property. As the life tenant you reserve for yourself the right to sell, encumber, and otherwise do as you please with the real estate during your lifetime, and without and knowledge or consent of the remaindermen. You may also change the remaindermen at any point in time or even revert the whole interest back to yourself.

Flat Fee: $175.00

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CORRECTIVE Deed

A Corrective Deed can be executed and recorded to fix any errors in the original deed, including those that are otherwise fatal to the validity of the prior deed, such as an improper legal description. If the original deed contains significant errors, a new deed must be executed. A corrective deed is required when a grantor transfers property he or she once owned but does not any longer, errors that exceed simple typos in significance exist in the deed, or the deed lacks sufficient witness(es) or a notary acknowledgment. Invalid deeds can be rendered valid again if a Corrective Deed is made a matter of public record. Doing so clarifies the intent of the original deed.

Flat Fee: $175.00

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