Colorado Warranty Deed for Separate or Joint Property to Joint Tenancy Form
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People also ask
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What is the difference between a general warranty deed and a special warranty deed in Colorado?
In short, the distinction between the two forms of “warranty” deeds is that in a general warranty deed, the seller warrants against anything any owner of the property ever did to encumber title and in a special warranty deed the seller only warrants against anything the seller did to encumber title.
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Can you gift a house to someone in Colorado?
Gifts of real property in Colorado are, however, subject to the federal gift tax. The person or entity making the gift (grantor or donor) is responsible for paying the federal gift tax; however, if the donor does not pay the gift tax, the donee will be held liable.
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What are the different deed forms in Colorado?
The four basic deed forms in Colorado are general warranty, special warranty, bargain and sale, and quitclaim. In this order, each provides a decreasing number of title warranties to the buyer.
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How much does a quitclaim deed cost in Colorado?
How much does a quitclaim deed cost in Colorado? Most documents, legal size or smaller, are assessed a $13 recording fee for the first page and an additional $5 recording fee for each additional page.
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Does Colorado recognize joint tenancy with right of survivorship?
Most importantly, a joint tenancy creates a “right of survivorship,” which means that when one owner dies, his or her interest passes to the surviv- ing joint owner(s).
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How do I transfer property to a family member in Colorado?
The grantor must clearly identify the property being transferred and sign the deed in the presence of a notary public. The deed must then be filed with the county clerk and recorder's office in the county where the property is located. This ensures the transfer is recorded and accessible for public records.
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What is the most common way to transfer ownership?
The most common way to transfer property is through a general warranty deed (sometimes called a "grant deed"). A general warranty deed guarantees good title from the beginning of time. A special warranty deed only guarantees good title during the seller's time of ownership.
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What is the Colorado real property transfer declaration?
Purpose: The Real Property Transfer Declaration provides essential information to the county assessor to help ensure fair and uniform assessments for all property for property tax purposes. Refer to 39-14-102(4), Colorado Revised Statutes (C.R.S.).
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