Correction Deed Form - Monroe County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 12/12/2018
Correction Deed Guide - Monroe County
Line by line guide explaining every blank on the form.
Included document last updated 11/27/2018
Completed Example of the Correction Deed Document - Monroe County
Example of a properly completed form for reference.
Included document last updated 12/3/2018
*The Following Kentucky and Monroe County supplemental forms are included as a courtesy with your order.
Transfer tax is collected on the actual consideration stated and paid or to be paid in the deed. If the deed is a gift or indicates nominal consideration only, tax must be paid on the estimated price of the property and this form is required. It confirms any consideration stated in the deed and adds the estimated fair cash value the property would bring in an open market. A brief list of exemptions can be downloaded here. For a more detailed list and further information, download the relevant statutes posted under Transfer Tax Information.
Transfer Tax Information
These excerpts from Kentucky statutes list the exemptions from transfer tax in detail. If the document is exempt from transfer tax, it must be stated on the document.
The supplemental forms in this section can be used as loose certificates by notaries in the state.
If you are 65 years old or disabled you may qualify for a homestead exemption on your property taxes.
In Kentucky, use a correction deed to amend a previously recorded deed that contains a minor error.
A corrective deed is in effect an explanation and correction of an error in a prior instrument. As such, it passes no title, but only reiterates and confirms the prior conveyance. It must be executed from the original grantor(s) to the original grantee(s), and it needs to be recorded in order to be legally valid.
The correction deed must reference the original conveyance it is correcting by type of error, date of execution and recording, as well as by recording number and location. Beyond that, it restates the information given in the prior deed, thus serving as its de facto reiteration. The prior deed, however, which constitutes the actual conveyance of title, remains on record.
Deeds of correction are most appropriate for minor errors and omissions in the original deed, such as misspelled names, omission of marital status, or typos in the legal description. When making more substantial changes, for example to the vesting information or legal description of the property, it is best to seek legal advice regarding the long-term consequences.
Kentucky statutes give the following examples of corrections that can be made with a deed of correction: the number of acres or the source of the title for example (KRS 382.337). This implies that some material changes, such as the amount of property and errors to the chain of title, can be addressed through a correction deed. However, adding a name to the title or removing a name from it cannot be achieved via a correction deed in Kentucky and instead require a new deed of conveyance.
Another correction vehicle available in Kentucky is the affidavit of correction. It can be filed by one of the parties or the attorney who prepared the deed, but the statute limits its use to errors in the marital status and the acknowledgment or notary section of the deed (KRS 382.337), so they are only useful for a small number of corrections overall.
Correction deeds cost less to record in Kentucky than standard deeds, and they are exempt from transfer tax, and a consideration certificate is generally not required (KRS 382.135) unless the consideration amount is different from that in the prior deed (KRS 142.050). In that case, a new consideration certificate, notarized and signed by grantor and grantee, is required, and the clerk might collect additional transfer tax if the consideration amount is higher than in the prior deed.
Get your Monroe County Correction Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
We guarantee that you will receive access to the forms that you order and that those forms will be compliant with the recording requirements for the jurisdiction the forms were purchased for and the statutory requirements for content of the document.
yoyr service gave me all forms and instructions on completing them properly...i will use your service again!
Nice form however I had to print my property description onto the form separately. When I tried typing it into the form the space would not wrap the text - just cut if off. This method of getting the form is very nice though.
Very Nice! All the forms I needed were included made creating and recording my deed super easy.
No Comment Left
Easy to use and the sample form helped me fill out the document quickly. Worth the investment.