DOCS USED TO CONVEY FEE SIMPLE

Determining what kind of conveyance document to use in a transaction depends on a number of factors, including:

a. whether you are coveying a fee simple or leasehold interest

b. whether you are conveying a condominium or time share unit; and

c. the extent of warranties of title, if any, you will provide.

 The following chart provides general summary descriptions of the types of conveyance documents available and when they are used. It is not intended to give legal advice. You should always consult your lawyer or other qualified professional in determining which is appropriate.

WARRANTY DEED

To transfer legal title to fee simple property, other than a fee simple condominium apartment, along with certain guarantees regarding title, and the defense of that title. The guarantees are typically broad.

WARRANTY DEED WITH SATISFACTION OF AGREEMENT OF SALE

To transfer legal title to fee simple property by Warranty Deed along with the satisfaction of the terms of an agreement of sale between the parties (vendor and vendee)

APARTMENT DEED

To transfer fee simple title to a condominium apartment.

LIMITED WARRANTY DEED

To transfer legal title to fee simple property, other than a fee simple condominium aopartment, with certain LIMITED guarantees regarding title and the defense of that title. These deeds are typically used by trustees or commissioners.

LIMITED WARRANTY APARTMENT DEED

To transfer fee simple title to a condomi8nium apartment by limited warranty deed. These deeds are typically by trustees or commissioners.

QUITCLAIM DEEDS

To transfer fee simple title without any warranties regarding the property. The grantor conveys only that interest, if any, the grantor may have in the property.

QUITCLAIM APARTMENT DEED

To transfer fee simple title to a condominiuu apartment without any warranties.