This Quitclaim Deed from Corporation to LLC form is a Quitclaim Deed where the Granter is a corporation and the Grantee is a limited liability company. 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.
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How to fill out an Arkansas quit claim deed:
01
Obtain a blank Arkansas quit claim deed form. This can typically be obtained from the county clerk's office or online.
02
Fill in the names of the grantor (person giving up the property) and the grantee (person receiving the property). Include their full names and addresses.
03
Provide a legal description of the property being transferred. This description should include specific details such as the property's dimensions, boundaries, and any identifiable landmarks.
04
Indicate the consideration, or the value exchanged for the property. This can be monetary or non-monetary, such as a gift or inheritance.
05
Sign the quit claim deed in the presence of a notary public. Both the grantor and grantee need to sign the document.
06
Have the notary public notarize the document by signing and stamping it with their official seal.
07
File the completed and notarized quit claim deed with the county clerk's office where the property is located. There may be a filing fee associated with this step.
Who needs an Arkansas quit claim deed?
01
Individuals who want to transfer ownership of a property in Arkansas without any warranties or guarantees can use a quit claim deed. This includes situations where the property is being transferred to family members, friends, or other individuals.
02
People who are divorcing and wish to transfer ownership of jointly owned property to one spouse may also use a quit claim deed.
03
In some cases, financial institutions or creditors may require an individual to sign a quit claim deed if they are releasing any claims to a property during a mortgage or lien payoff.
Note: It is recommended to consult with a legal professional or seek assistance from the county clerk's office for specific guidance on filling out an Arkansas quit claim deed.
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What is arkansas quit claim deed?
An Arkansas quit claim deed is a legal document used to transfer ownership or interest in real property located in the state of Arkansas. This type of deed is often used when the transfer of property is between family members, divorcing spouses, or to clear up any uncertainties or defects in the title. When a person conveys their interest in a property through a quit claim deed, they are essentially giving up any claim they may have to the property, without providing any guarantee or warranty of ownership. It is important to note that quit claim deeds do not ensure that the grantor actually has legal ownership of the property, nor do they protect the grantee from any potential liens or encumbrances on the property.
Who is required to file arkansas quit claim deed?
In Arkansas, any individual or entity who wants to transfer their interest in real property to another party by using a quitclaim deed is required to file it. Both the grantor (the one transferring their interest) and the grantee (the one receiving the interest) must sign the quitclaim deed. Afterward, the completed quitclaim deed must be filed with the county recorder's office in the county where the property is located.
How to fill out arkansas quit claim deed?
To fill out an Arkansas quit claim deed, follow these steps:
1. Obtain the required form: You can find Arkansas quit claim deed forms online or you can get one from a stationary store or a county clerk's office.
2. Fill in the appropriate information: This includes the names and addresses of the grantor (the person giving up their interest in the property) and the grantee (the person receiving the interest). Make sure to double-check the spelling and accuracy of the names.
3. Describe the property: Provide a detailed legal description of the property being transferred, including the street address, county, and any parcel or lot numbers. You can usually find this information on the property's deed or tax records.
4. Specify consideration: Arkansas requires a statement of consideration, which is the amount of money or other compensation given in exchange for the transfer of ownership. If no monetary consideration is involved, indicate that the transfer is a gift.
5. Notarize the deed: Both the grantor and the grantee must sign the deed in the presence of a notary public. Do not sign the deed until you are in the presence of a notary.
6. File the deed: Once the deed is completed and notarized, take it to the county clerk's office where the property is located. Pay the filing fee, and the clerk will record the deed in the public records.
It's important to note that while we strive to provide accurate information, this is not legal advice. Consulting with a qualified attorney or real estate professional can ensure that you complete the quit claim deed correctly and comply with all applicable laws and guidelines in Arkansas.
What is the purpose of arkansas quit claim deed?
The purpose of an Arkansas quitclaim deed is to transfer the ownership interest or title of a property from one party to another. It is a legal document used when the current owner of a property, known as the grantor, wishes to transfer their interest or claim to the property to another party, known as the grantee, without making any guarantees or warranties regarding the property's title. This means that the grantor is not providing any assurance about the ownership status or any potential encumbrances on the property. A quitclaim deed is commonly used in situations where there is already a relationship of trust between the parties involved, such as family members transferring property, or when a property owner wants to remove themselves from the title without any responsibility or liability.
What information must be reported on arkansas quit claim deed?
To complete an Arkansas quitclaim deed, the following information must be included:
1. Grantor: The legal name, mailing address, and signature of the person or entity who is conveying the property (the seller).
2. Grantee: The legal name and mailing address of the person or entity who is receiving the property (the buyer).
3. Property Description: A description of the property being transferred, including the county, legal description (metes and bounds or lot/block/subdivision), and the physical address (if applicable).
4. Consideration: The consideration or amount being exchanged for the property, if any. This can be a nominal amount, such as $10, or it can be left blank.
5. Execution: The deed must be signed and acknowledged before a notary public. Both the grantor and two witnesses must sign the deed.
6. Notary Acknowledgment: The notary acknowledgment section must be completed with the notary's signature, seal, and commission expiration date.
7. Recording: The completed quitclaim deed should be filed with the County Clerk in the county where the property is located. In some Arkansas counties, a cover sheet may also need to be attached.
Note: This information is provided as a general guideline. It is advisable to consult with a legal professional or title company for specific requirements and best practices for your situation.
What is the penalty for the late filing of arkansas quit claim deed?
According to the Arkansas Code Title 26 section 26-60-512, there is no specific penalty mentioned for the late filing of a quit claim deed in Arkansas. However, it is generally recommended to file the deed in a timely manner to avoid potential complications or disputes regarding ownership or other legal matters.
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