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This document serves as a legal instrument for the transfer of property rights from one corporation to another. It details the terms under which the grantor (the transferring corporation) conveys

How to fill out quitclaim deed

How to fill out Quitclaim Deed

1. Obtain a Quitclaim Deed form from a legal stationery store or online templates.
2. Fill in the names of the granter (person transferring the property) and the grantee (person receiving the property).
3. Clearly describe the property in question, including addresses and legal descriptions as necessary.
4. Specify the consideration, which is the amount being paid or a statement that the transfer is a gift.
5. Both the granter and the grantee should sign the document in the presence of a notary public.
6. The notary public will then complete and sign the document, adding their seal.
7. Record the completed Quitclaim Deed with the appropriate county office of property records to make the transfer official.

Who needs Quitclaim Deed?

1. Individuals transferring property to family members or friends.
2. People who wish to clear up any disputes about the ownership of a property.
3. People transferring property without the use of a title company.
4. Entities such as trusts or corporations that may need to convey property.

This Quitclaim Deed from Corporation to Corporation form is a Quitclaim Deed where the Granter is a corporation and the Grantee is a corporation. Granter conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Granter, if any, which are reserved by Granter. This deed complies with all state statutory laws.

People Also Ask about

What are the disadvantages of a quit claim deed?

The bottom line: Understanding quitclaim deeds However, because quitclaim deeds don't guarantee the title is free and clear, they aren't suitable for typical real estate transactions. In short, quitclaim deeds are for transferring property – not buying a home.

What is the meaning of quitclaim?

Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.

What is a quitclaim deed in simple terms?

What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.

Why would someone use a quitclaim deed?

A quitclaim deed is a simple tool for transferring interest in a property without guaranteeing that the grantor has valid ownership. It's most commonly used in non-sale situations, such as transfers between family members, or to update or clarify ownership titles.

What does quitclaim mean in English?

quitclaim in American English 1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.

For pdfFiller’s FAQs

What is Quitclaim Deed?

A Quitclaim Deed is a legal document that allows a person to transfer their interest in a property to another person without making any guarantees about the title or the property's condition.

Who is required to file Quitclaim Deed?

Typically, the grantor (the person transferring the property) is responsible for filing the Quitclaim Deed with the appropriate local government authority.

How to fill out Quitclaim Deed?

To fill out a Quitclaim Deed, include the grantor's and grantee's names, a legal description of the property, the date of transfer, and the signature of the grantor. It's advisable to have the document notarized.

What is the purpose of Quitclaim Deed?

The purpose of a Quitclaim Deed is to transfer any rights or interests the grantor has in the property to the grantee, often used in situations like divorce settlements or transferring property between family members.

What information must be reported on Quitclaim Deed?

A Quitclaim Deed must report the names of the grantor and grantee, a description of the property, the date of the transfer, and often requires notarization and recording information.