Legal Question in Real Estate Law in Maryland

A&B (not married ) both on deed, B wants off the deed and leave everything to A (no cost/ no buy out) does A now have to pay a transfer tax


Asked on 5/16/12, 7:54 pm

1 Answer from Attorneys
Robert Sher Wagshal and Sher

If they are in no way related to one another and don't qualify as domestic partners, then there will be transfer and recordation taxes. The recorder's office will use the property tax assessment to determine the amount (50%).

Read more
Answered on 5/17/12, 7:16 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Maryland