Real Estate FAQ
Find FAQs related to real estate.
Find FAQs related to real estate.
It is your legal responsibility to keep the rental unit in good repair. This means the premises must be safe, sanitary and habitable throughout the course of the tenancy. Habitability includes "livable" conditions such as working doors, faucets, toilets and heaters. In other words, the rental unit must remain comfortable to live in.
Yes. A pet deposit is an additional security deposit to cover any damage caused by a pet. In some states, a pet deposit is an allowable amount over the maximum security deposit.
A quitclaim deed transfers whatever interest an owner has in a piece of property but makes no guarantees. This means that the new owner of the property has less protection and limited legal recourse if there are issues with the title. For this reason, quitclaim deeds are almost never used when selling real estate.
They are, however, often used for transferring property between family members, transfers into a living trust, and by divorcing couples.
A warranty deed, on the other hand, provides protection to the new owner because the current owner makes a promise that they legally own the property and has clear title to the real estate. Warranty deeds give the new owner a legal recourse if something is wrong with the title, and are commonly used when selling real estate.
LegalZoom can help you create a quitclaim deed or warranty deed online.