When transferring a deed from one owner to another, you’ll want to ensure you’re using the correct deed form. Tennessee deed forms are the only way to legally and officially transfer deeds between owners.
Before you fill out any deed form, you’ll want to make sure you’re filling out the appropriate one for your situation. Tennessee doesn’t require you to have the deed notarized unless you want to. You can have two witnesses who sign the deed instead.
A general warranty deed is the best type of deed you can choose. Most people prefer to use this type of deed because it’s the safest option for the grantee.
When preparing and signing a general warranty deed, it ensures that all the current owner, the grantor’s, rights to the property are completely signed over. In addition to their property rights, it signs over any previous owners’ claim to the land.
A quitclaim deed in Tennessee is a little riskier for the grantee than a general warranty deed. With this type of deed, the grantor is signing over all their interest in the property to the grantee.
The issue with this is that they’re signing their interest over without verifying that they’re the only owners or signing any other potential owner’s interests.
A special warranty deed is generally only used when the grantor has foreclosed on the deed to the property. When the grantor signs over the property’s title to the grantee, it’s usually for a limited period of time and with several conditions.
A deed of trust (DOT) in Tennessee is a deed that the grantor signs to a trustee as collateral for a loan. It’s a temporary deed that is only signed over until the borrower can pay back the loan amount.
If you have more questions about deed forms in Tennessee, here are some of the most frequently asked questions.