#Minnesota quit claim deed form download

All grantors or grantors' authorized representatives and joining spouses must sign the deed. Requirements of the form include the names and marital status of each grantor and grantee and a complete legal description of the property subject to transfer. For this reason, the quitclaim deed is often used in divorce or other transactions between family members. A quitclaim deed contains no warranties of title. The deed conveys to the named grantee 'all right, title, and interest of the grantor in the premises described,' and does not extend to any after-acquired title ( 507.07).

Deeds filed in Hennepin County and Ramsey County are also charged an additional Environmental Response Fund Tax (also called ERF Tax) at a rate of 0.0001% of the property’s selling price.The quitclaim deed from individual to individual (Minnesota Conveyancing Blanks Form 10.3.1) is 'sufficient to pass all the estate which the grantor could convey by deed of bargain and sale' in Minnesota (Minn. In addition to the recording fee, the MN Department of Revenue charges a deed tax of 0.0033% of the property’s selling price. The additional forms outlined above may also need to be filed. The office will charge a recording fee that must be paid for by the party filing the form.

The form may be recorded electronically, so long as the guidelines set by § 507.0943 are followed. The office must be in the same county where the property is located.

Upon completing the form in-full, it must be filed with the County Recorder’s Office. “I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate.” However, the following statement, which must be certified by the buyer or seller, must appear on the form: If a Well Disclosure Certificate has already been filed and the number or status of the wells has remained the same, filing a new certificate is not necessary. The MN Department of Health Well Management Section requires a Well Disclosure Certificate.pdf be attached to the Deed if there are any wells on the property. The filing fee for this form is fifty dollars ($50.00). To receive more information and complete the form, and head to the Department of Revenue’s website.

From January 1, 2020: A consideration of at least three thousand dollars ($3,000).

Prior to January 1, 2020: A consideration of at least one thousand dollars ($1,000).

It must be filed when the property is sold or transferred for consideration of more than a specific amount, as follows: Provided by the Minnesota Department of Revenue, this form documents a property sale in the state. Electronic Certificate of Real Estate Value (eCRV) The following two (2) forms may also need to be completed and filed:ġ. Signing Requirements ( § 507.24): The deed must be signed by the Grantor and notarized.

A Well Disclosure and/or Well Disclosure Certificate (if applicable),.

The Grantee’s residential or business address,.

Indication if the property is Registered (Torrens),.

Details of the party who drafted the form,.

#Minnesota quit claim deed form download

Mandatory Information: In order for the form to be approved, it needs to contain the following (NOTE: the form offered for download complies with all requirements): Form 10.3.1 – Individual(s) to Individual(s)įorm 10.3.2 – Individual(s) to Business Entityįorm 10.3.3 – Individual(s) to Joint Tenantsįorm 10.3.4 – Business Entity to Individual(s)įorm 10.3.5 – Business Entity to Business Entity