A deed is a real estate document used to transfer the title and ownership of property to a new owner / someone else.
A deed can be used for the sale of a home or when transferring property ownership without a sale.
Deeds Used in Florida
General Warranty Deed:
A General Warranty Deed is also called a Statutory Warranty Deed. It fully warrants title to the property being conveyed against any and all claims. It offers the broadest warranty of any of the deeds. General Warranty Deeds are used in most residential real estate transactions in Florida.
Quit Claim Deed:
A Quit Claim Deed gives no warranties of title. While it quickly conveys whatever title the grantor may have, in executing a Quit Claim Deed, the grantor is not representing that he owns the property or that he has the right to convey the property. As such, a Quit Claim Deed may not always be the best option to convey property.
Lady Bird Deed:
Florida Lady Bird Deeds can be used to avoid probate and to transfer property at death without some of the drawbacks of a standard life estate deed or joint ownership.
A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is only recognized by common law in three states: Florida, Michigan, and Texas. The Florida lawyer who created this deed arbitrarily named it after President Johnson’s wife.
With a Lady Bird Deed, the owner of the property referred to as the “Life Tenant,” retains complete control over the property during his or her lifetime. The Life Tenant has the right to mortgage or sell the property without the consent of the beneficiaries or the remaindermen named in the deed because the property does not transfer until the death of the Life Tenant. Upon the passing of the Life Tenant, the beneficiaries will file the death certificate in the public records, which is all that is needed for the title to pass to them.
Examples for Assistance:
General Warranty Deed– I want to sell property or add/remove a name to a Deed.
Quit Claim Deed – I want to add/remove a name (or an entity) to a Deed, and I am related to or know the other party.
Lady Bird Deed– While I want my beneficiaries to inherit my property without having to go through probate, I want to retain complete 100% control of the property during my lifetime.
Offers a $425 Flat-Fee Rate for Florida Deed Preparation
If you are unsure what kind of deed is best for you and your situation, please contact us, and we will be happy to assist you!