The Maine quitclaim deed is a document that one person, called the grantor, uses to transfer property to another person, called the grantee.
The main features of the general quitclaim deed are its simple form and lack of warranties. The simple form makes the quitclaim deed the fastest option for property transfer compared to other types of deeds.
However, the quitclaim deed, unlike the warranty deed, doesn’t protect the grantee in case there are some flaws with the property title.
Considering the above mentioned features, the grantee should do a property search and make sure there are no flaws with it before obtaining it.
Quitclaim Deed Important Laws & Requirements in Maine
Laws & Requirements
Statute: Title 33 – Property
Signing requirements: The grantor should sign the quitclaim deed before the notary public or the officer of the court. (§ 203)
Recording: The parties should submit the quitclaim deed to the Registry of Deeds according to the location of the property.
Recording fees: $19 plus a $3 surcharge and $2 for every additional page.
When to Use a Quitclaim Deed in Maine
The special features of the general quitclaim deed (simple form and lack of warranty) make it perfect for the following actions and property transactions.
#1. Title Modifications
If there is any information in the property title that must be changed, the grantor can use the quitclaim to make the necessary changes. The changes can be made due to an error in the title or if some information from the title must be updated.
#2. Property Transfer
The grantor can use this type of deed to transfer the property to the grantee. By signing the quitclaim deed, the grantor will transfer all of their interests in the property to the grantee.
However, the grantor doesn’t provide any warranty to the grantee that they are authorized to transfer the property and that there are no other claims against the property. Therefore, quitclaim deed transfers should be used between trusted parties or family members.
#3. Living Trust Transfer
The quitclaim deed can also be used for transferring property from the grantor's personal assets to their living trust. Because only one person is involved in the transaction, there is no need for additional warranties, which makes the quitclaim deed the perfect solution.
How to Create a Quitclaim Deed in Maine
#1. Fill Out The Form
Firstly, provide information about the parties involved in the transaction. This section should include the names, mailing addresses, ID numbers, and marital statuses of the grantor and grantee.
#2. Add the “Note Consideration”
This section provides information on what the grantee owes to the grantor for transferring the property. This can be the transfer of money, providing services, defaulting on debt, or any other kind of value. The parties can also agree to transfer the property without consideration (as a gift).
#3. Write the Legal Description
This includes the set of information that will help the parties differentiate the property. It usually includes the plot number and the name of the body where the plot is registered. The parties can also provide a description of the boundaries of the property.
#4. Sign & Get it Notarized
The grantor must sign the quitclaim deed before the notary public or the officer of the court.
#5. File the Quitclaim Deed
After completing the quitclaim deed, the parties should submit it to the relevant governmental body in charge of the deed registration.
Where to File a Quitclaim Deed in Maine
The parties should file the Maine quitclaim deed with the Registry of Deeds according to the location of the property.