Indiana Quit Claim Deed | Form QCD-1
The Indiana Quit Claim Deed permits the lawful transfer of property from one person (or entity) to another. State law defines the form as a means that “passes all the estate that the grantor may convey by a deed of bargain and sale.” The person who transfers the property is known as the “Grantor”, and the receiving party is referred to as the “Grantee(s)”.
There are many reasons in which a person would choose to use a quit claim deed over other deed-types, of which include that it is:
- Faster and easier to complete,
- Requires less investigative work, and
- Better for situations where the parties trust each other.
For instance, a parent may want to gift their child their property, a divorcee may be ordered to transfer property to their former husband or wife, or a businessman may want to transfer property rights to a subsidiary.
Mailing Address (§ 32-21-2-3(b)): The form must state the mailing address where tax statements should be mailed. The address must be stated at the end of the conveyance and immediately preceding or following the statements required by the provision IC 36-2-11-15.
Name of Grantor (§ 36-2-11-15(b)): The Grantor’s name must be “typewritten, stamped, or signed in a legible manner at the conclusion of the instrument.”
Paper and Formatting Guidelines (§ 36-2-11-16.5(b)): Particular paper and formatting guidelines must be upheld for the deed to be duly recorded. Said requirements are:
- Dimensions: Must be at least one (1) page not measuring more than eight and one-half inches (8.5″) by fourteen inches (14″), and cannot be permanently bound and/or in continuous form.
- Paperweight: The weight of the paper must be at least twenty (20) pounds.
- First Page Margins: Two inches (2″) from the top and bottom, one-half inch (.5″) on the sides.
- Remaining Page Margins: A minimum of one-half inch (.5″) on the top, bottom, and sides.
- Font / Ink: Must be computer-generated, in black ink, and at least ten (10) point in type.
Signing Requirements (§ 32-21-2-3(a)): The completed deed must be signed by the Grantor(s) and notarized by a Notary Public.
How to File
According to § 32-21-2-3, it is a requirement for a recording of the deed to be made in the County Recording Office where the property is based. This document provides some indication of the fees that must be paid by the party filing the deed.
Additionally, § 36-2-11-14 notes that the auditor of the proper country must also endorse the deed as:
- “Duly entered for taxation subject to final acceptance for transfer”,
- “Not taxable”, or
- “Duly entered for taxation” as provided by § 36-2-9-18.