[WSBARP] Transfer of an element of an Interest in Real Property

[Craig Gourley]

If the Parcel A interest was created as part of the plat then I am not sure if you can transfer it without submitting for a plat modification.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of msafren at jennylinglaw.com
Sent: Thursday, January 7, 2021 1:00 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Transfer of an element of an Interest in Real Property

Hi Steve,

Thanks for your questions.  Hopefully the below information can help clarify and allow you to better understand the scenario:

Client owns Parcel A and Parcel B.

Parcel A has a legal undivided fractional interest in a community beach.
Parcel B does not.

Client wants to transfer the legal undivided fractional interest in the community beach from Parcel A to Parcel B.

Can said transfer be accomplished via a Quit Claim Deed? I don't believe that this interest is an easement because the interest is a possessory interest which is contained and described in the legal description of Parcel A.



Warmest regards,

Michael S. Safren, Esq.
Attorney at Law

14900 Interurban Ave. S., Ste. 280 | Seattle, WA 98168
11900 NE 1st St., Bldg. G - Ste. 300 |  Bellevue, WA 98005
P: (206) 859-5098 | E: msafren at jennylinglaw.com<mailto:msafren at jennylinglaw.com>
www.jennylinglaw.com<http://www.jennylinglaw.com/> | facebook.com/jennylinglaw/<http://www.facebook.com/jennylinglaw/>


This communication, including attachments, may contain information that is confidential and protected by the attorney/client or other privileges. It constitutes non-public information intended to be conveyed only to the designated recipient(s). If the reader or recipient of this communication is not the intended recipient, an employee or agent of the intended recipient who is responsible for delivering it to the intended recipient, or you believe that you have received this communication in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including attachments without reading or saving them in any manner. The unauthorized use, dissemination, distribution, or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. Receipt by anyone other than the intended recipient(s) is not a waiver of any attorney/client or other privilege.

From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of Stephen Brandli
Sent: Thursday, January 7, 2021 12:50 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: Re: [WSBARP] Transfer of an element of an Interest in Real Property

What is being transferred exactly?  What does it mean to transfer "a fractional undivided interest" "to another parcel?"  If the PC owns both the interest being transferred and the parcel to which you intend to "transfer" that interest, what exactly is changing?

I'm wondering if there is an easement benefiting the first parcel over the waterfront, and the PC wants the second parcel to benefit from that easement as well.  Is that what you are trying to accomplish?

                Steve

From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of msafren at jennylinglaw.com<mailto:msafren at jennylinglaw.com>
Sent: Thursday, January 7, 2021 12:44 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] Transfer of an element of an Interest in Real Property

Hello Braintrust,

I was approached by a potential client to transfer an element of their real property, a fractional undivided interest in another parcel with waterfront access, to another parcel that the potential client owns.

  My first thought is that the transfer could be accomplished by a Quit Claim Deed  because i) the element in the property is a possessory interest (i.e. not an easement)  and ii) this is an acquirable distinct element of the property that is transferable and iii)  not a subdivision/ boundary line adjustment. Etc.  I believe that the transfer would be exempt from Real Estate Excise Tax because the transfer would be considered a gift as there was no exchange of consideration.

I'm now second guessing myself and wondering if conveyance by deed is the correct method.  Am I overthinking this?

All suggestions are welcome

Warmest regards,

Michael S. Safren, Esq.
Attorney at Law

14900 Interurban Ave. S., Ste. 280 | Seattle, WA 98168
11900 NE 1st St., Bldg. G - Ste. 300 |  Bellevue, WA 98005
P: (206) 859-5098 | E: msafren at jennylinglaw.com<mailto:msafren at jennylinglaw.com>
www.jennylinglaw.com<http://www.jennylinglaw.com/> | facebook.com/jennylinglaw/<http://www.facebook.com/jennylinglaw/>


This communication, including attachments, may contain information that is confidential and protected by the attorney/client or other privileges. It constitutes non-public information intended to be conveyed only to the designated recipient(s). If the reader or recipient of this communication is not the intended recipient, an employee or agent of the intended recipient who is responsible for delivering it to the intended recipient, or you believe that you have received this communication in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including attachments without reading or saving them in any manner. The unauthorized use, dissemination, distribution, or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. Receipt by anyone other than the intended recipient(s) is not a waiver of any attorney/client or other privilege.

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