Fill and Sign the Warranty Deed to Child Reserving a Life Estate in the Parents New Jersey Form

© 2016 - U.S. Legal Forms, Inc.       NEW JERSEY WARRANTY DEED [Parent(s) to Child with Reserved Life Estate] Control Number: NJ-021-77 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. INFORMATION ON FILING THIS DEED Form RTF-1, “Affidavit of Consideration for Use By Seller,” must be annexed to and recorded with all deeds when entire consideration is not recited in deed or the acknowledgement or proof of the execution; when the grantor claims a total or partial exemption from the fee; Class 4 property that includes commercial, industrial, or apartment property; and for transfers of “new construction. For detailed instruction see the form and attached instructions at: http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/rtfexempt.pdf A Realty Transfer Fee is generally required when real property is transferred by deed. Certain transactions are exempt from this fee. New Jersey Statutes § 46:15-10 – Exemptions from realty transfer tax, provides: The fee imposed by this act shall not apply to a deed: 1. For a consideration, as defined in section 1(c), of less than $100.00; 2. By or to the United States of America, this State, or any instrumentality, agency, or subdivision thereof; 3. Solely in order to provide or release security for a debt or obligation; 4. Which confirms or corrects a deed previously recorded; 5. On a sale for delinquent taxes or assessments; 6. On partition; 7. By a receiver, trustee in bankruptcy or liquidation, or assignee for the benefit of creditors; 8. Eligible to be recorded as an "ancient deed" pursuant to R.S.46:16-7; 9. Acknowledged or proved on or before July 3, 1968; 10. Between husband and wife, or parent and child; 11. Conveying a cemetery lot or plot; 12. In specific performance of a final judgment; 13. Releasing a right of reversion; 14. Previously recorded in another county and full realty transfer fee paid or accounted for, as evidenced by written instrument, attested by the grantee and acknowledged by the county recording officer of the county of such prior recording, specifying the county, book, page, date of prior recording, and amount of realty transfer fee previously paid; 15. By an executor or administrator of a decedent to a devisee or heir to effect distribution of the decedent's estate in accordance with the provisions of the decedent's will or the intestate laws of this State; 16. Recorded within 90 days following the entry of a divorce decree which dissolves the marriage between the grantor and grantee; 17. Issued by a cooperative corporation, as part of a conversion of all of the assets of the cooperative corporation into a condominium, to a shareholder upon the surrender by the shareholder of all of the shareholder's stock in the cooperative corporation and the proprietary lease entitling the shareholder to exclusive occupancy of a portion of the property owned by the corporation. III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the subject state. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. 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Warranty Deed { Parent to Child with Reserved Life Estate } Prepared by:       {type or print name} After Recording, Return to:                   This Deed is made on __________________ , 200 ______ , BETWEEN ____________________________________ , whose post office address is ________________________________________________ , referred to as the Grantor , AND ____________________________________ whose post office address is ________________________________________________ , referred to as the Grantee. The words “Grantor” and “Grantee” shall include all Grantors and all Grantees listed above. 1. Transfer of Ownership. The Grantor grants and conveys the property described below to the Grantee. This transfer is made for the sum of __________________ Dollars ($ ________________________ ). The Grantor acknowledges receipt of this money. 2. Tax Map Reference. (N.J.S.A. 46:15-1.1) Municipality of ________________________ of ________________________ , Block No. ____________ , Lot No. ________________________ . No property tax identification number is available on the date of this Deed. (Check Box if Applicable.) 3. Property. The property consists of the land in the Municipality of of ________________________ , County of ________________________ , and State of New Jersey. The legal description is: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Warranty Deed - 1 - Being the same land and premises which became vested in Grantor , by Deed dated __________________ , and recorded on __________________ , in the land records office of the Register of Deeds for __________________ County, New Jersey. The street address of the Property is: ____________________________________ . 4. Type of Deed. This Deed is called a Warranty Deed. The Grantor does for Grantor and Grantor’s heirs, personal representatives, executors and assigns forever hereby covenant with Grantee that Grantor is lawfully seized in fee simple of said premises; that the premises are free from all encumbrances, unless otherwise noted above; that Grantor has a good right to sell and convey the same as aforesaid; and to forever warrant and defend the title to the said lands against all claims whatever. 5. Subject To Life estate retained by ____________________________________ , Grantor . 6. Signatures. The Grantor signs this Deed as of the date at the top of the first page. Signature of Grantor       Type/Print Name STATE OF ____________ COUNTY OF __________________ SS: I CERTIFY that on __________________ , ____________________________________ , personally came before me and stated to my satisfaction that this person (or if more than one, each person): (a) was the maker of this Deed; (b) executed this Deed as his or her own act; and, (c) made this Deed for $ ____________ as the full and actual consideration paid or to be paid for the transfer of title. (Such consideration is defined in N.J.S.A. 46:15-5.) Notary Public Signature of Grantor       Type/Print Name Warranty Deed - 2 - ©2000 by ALL-STATE LEGAL ® STATE OF ____________ COUNTY OF __________________ SS: I CERTIFY that on __________________ , ____________________________________ , personally came before me and stated to my satisfaction that this person (or if more than one, each person): (c) was the maker of this Deed; (d) executed this Deed as his or her own act; and, (c) made this Deed for $ ____________ as the full and actual consideration paid or to be paid for the transfer of title. (Such consideration is defined in N.J.S.A. 46:15-5.) Notary Public Warranty Deed - 3 -