A Maine quitclaim deed is a legal document by which the grantor transfers property ownership to the grantee. The form is appropriate for property transfers among family members or when one divorcing spouse wishes the other to keep the marital home.
Laws & Requirements
Statute: Maine Revised Statutes Title 33.
Signing Requirements: Maine Revised Statutes Title 33, § 203: The grantor must sign the quitclaim deed before a notary public, attorney-at-law admitted to practice in Maine, or a court clerk.
Transfer Tax: Yes. Maine Revised Statutes Title 36, Chapter 711-A: This tax depends on the value of the property being transferred, assessing a rate of $2.20 for each $500 of the property’s value. This tax applies equally, one-half on the grantor and one-half on the grantee. You can file the Real Estate Transfer Tax Declarations (RETTD) online or using this downloadable form.
Additional Documents: Maine Revised Statutes Title 33, § 173: A property disclosure statement needs to be provided to potential buyers, stating the property’s condition, services, inventory, or potential hazards.
Below, you can find what a Maine quitclaim deed typically looks like.