![]() Farm land, forest land, wetlands and open space of 10 acres or more are eligible for current use, under which the land is taxed significantly below its current market value. Current use taxation is a special New Hampshire tax program for property owners who maintain their land in an undeveloped condition. Counsel should be relied upon to explain when it may be appropriate to use these various forms.Ĭurrent Use Taxation. We also have fiduciary deeds, foreclosure deeds, tax collector's deeds, release deeds and other variations. In other words, a quitclaim deed does not provide the purchaser with any protection against the title claims of third parties not claiming by and through the grantor.Īnother important thing to note is that warranty and quitclaim deeds are not the only forms of deeds used. The quitclaim deed generally corresponds with the warranty deed, except that that the grantor's promise to defend the grantee's title is limited to claims arising during the time of the grantor's ownership. ![]() Most buyers should insist on receiving a warranty deed.Īn alternative type of deed is the quitclaim deed, which grants limited assurances of title. A conveyance by warranty deed includes an implied promise that the grantor has lawful title to and the right to convey the property, the property is free from encumbrances (except as otherwise stated in the deed), and the grantor warrants and will defend the grantee's title against all claims. ![]() Here, the most often used form of deed is the warranty deed, which gives grantees the most extensive assurances of title. The form of deed that should be used when transferring real estate, however, can be confusing, especially to those used to doing business in other states. New Hampshire conveyancing law and practice is fairly typical in most respects. Here are few things you should know about real estate in New Hampshire: We have no sales or income tax, host the nation's first presidential primary, and put our liquor stores as close to the interstate highways as possible. In many ways, New Hampshire is a unique state. Elizabeth McCormack, Cleveland, Waters and Bass, P.A.
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