The Nevada quitclaim deed is a document that the parties use for the property transfer. One party, called the grantor (seller), will issue the quitclaim deed and transfer the property to another person, called the grantee (buyer).
Unlike other forms of deeds (warranty and special warranty deeds), the quitclaim deed has a simple form, which enables the parties to easily transfer the property between themselves.
However, the quitclaim deed doesn’t provide any guarantees for the grantee. The grantor will simply transfer their interests in the property without providing a guarantee that there are no restrictions or other claims against the property title. Therefore, the grantee should always check the property title before making the property transfer.
Quitclaim Deed Important Laws & Requirements in Nevada
Laws & Requirements
Statutes: Title 10, Chapter 111
Signing requirements: The grantor must sign the quitclaim deed before the notary public. (NRS 111.105)
Recording: Parties should record the quitclaim deed before the County Recorder according to the location of the property.
Recording fees: $42 (approximately). (NRS 247.305)
When to Use a Quitclaim Deed in Nevada
The quitclaim deed has features that make it suitable for completing certain transactions and legal actions.
#1. Title Modifications
The grantor can use the quitclaim deed to make changes and modifications to the property title. The grantor can make changes to fix the errors in the title, update the information in the title, or add or remove people from the title.
#2. Property Transfer
The parties use the quitclaim deed mainly for the property transfer. Considering that the quitclaim deed doesn’t provide any warranties for the grantee, it is mostly used for transactions between trusted parties and family members.
#3. Living Trust Transfer
The grantor can use this type of deed to transfer their property to their living trust. Besides making the will, this is the most commonly used method of transferring the property to family members after the grantor passes away. Compared to making the will, the quitclaim deed transfer is faster and less costly.
Considering that there is only one party involved in the transaction, there is no need for warranties, and it is, therefore, suitable for the quitclaim deed transfer.
How to Create a Quitclaim Deed in Nevada
#1. Fill Out The Form
Insert the details about the grantor and the grantee, such as their full names, mailing addresses, and marital status.
If some of the parties to the transfer are legal entities, enter their registered name, registration number, mailing address, and form.
#2. Add the “Note Consideration”
The note consideration provides the value of the transferred property. The grantor can make the transaction with or without consideration (as a gift). The consideration can be in the form of a money transfer, the provision of certain services, a default on debt, or any other kind of value.
#3. Write the Legal Description
The legal description provides the plot number, address of the property, description of the property boundaries, or any other information that will help the parties individualize the property.
#4. Sign & Get it Notarized
The grantor must sign the Nevada quitclaim deed before the notary public.
#5. File the Quitclaim Deed
The parties should record the quitclaim deed with the governmental authority in charge of the deed registration. Registration serves to notify third parties of the transfer.
Where to File a Quitclaim Deed in Nevada
In Nevada, the parties must file the quitclaim deed for registration with the County Recorder according to the location of the property.