We would like to be added as a co owner to a condo with my in laws that they own. What would be the best type, Quit Claim deed, Refiled deed, Limited warranty deed? We are registering children in the school district the condo is in as residents and need to be named some how on the property deed. We plan to pay a utility bill as well. What is the process and time frame and approx. fee to file something like this? Do I go to a Title Co. to draft it and/or file it?
State/Country relating to question: Georgia
Nothing yet only agreed in principal with in-laws
Hello,.Thank you for using JA..The simplest way to do this is to have a local title company prepare a quitclaim deed from inlaws to both you and inlaws. Then the deed is signed and executed and then filed at the local county clerk/land records office and that is it..Timeframe is probably a week or less with a title company and maybe $150-200. They can likely also make sure it is executed and recorded for you for a small additional fee..
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Thank you, XXXXX XXXXX this affect their estate if something happened to them and we're on the deed? Should we have a "kick out" side contract that we initiate a "quitclaim deed" back into only their name/estate in the event like this?(their concern)
If another party was added as joint tenant, then as each owner dies, the surviving owners then acquire a greater share of the property..You could do another quitclaim from you back to them at the same time, and execute it a day later, just not record it..
12 yrs estate law, real estate. Wills/Trusts/Probate
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