A deed to transfer property can come in two forms:
1. Warranty Deed: This deed comes with certain assurances from the property owner. Those assurances include, but are not limited to, the assurance that the owner of the property is the actual owner and has legal right to convey the property.
2. Quit-Claim Deed: This deed comes with no assurances. The person(s) getting the property simply take whatever rights the previous owner had in the property.
Below you'll need to include:
- The Name(s) of the Current Owner(s) of the property;
- The address of the property or, if no address, the [city], [county], [state], and [zip code] of where the property is located; and
- The Name(s) of the Person(s) to whom the property is being transferred (aka, the Grantee(s)); and
- Whether you would like a Warranty Deed or a Quit-Claim Deed.
You will also see a place where you can choose to reserve a life estate in the property. Reserving a life estate allows the current owner(s) to transfer the property and still be able to use and benefit from the property during his/her life. At death, the property would then automatically transfer to whomever is named in the deed.