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A legal document for transferring property ownership from a corporation to two individuals as joint tenants with rights of survivorship in West Virginia.
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How to fill out quitclaim deed

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How to fill out Quitclaim Deed

01
Obtain a Quitclaim Deed form from your local court or an online legal form provider.
02
Fill in the date on the top of the form.
03
Enter the name of the Grantor (the person giving away their interest) and the Grantee (the person receiving the interest).
04
Include the legal description of the property being transferred (this can usually be found on the property deed or tax documents).
05
Specify the amount of consideration (if any) for the transfer, which can be a nominal amount like $1.
06
Have the Grantor sign the deed in the presence of a notary public.
07
Ensure the notary public stamps and signs the document to authenticate it.
08
Record the completed Quitclaim Deed with the appropriate local government office to make it official.

Who needs Quitclaim Deed?

01
Individuals transferring property ownership without a sale.
02
Family members who want to give property to one another.
03
Individuals clearing up title issues, such as removing a spouse from property ownership.
04
Anyone who needs to transfer property rights for estate planning purposes.

This Quitclaim Deed from Corporation to Two Individuals form is a Quitclaim Deed where the Granter is a corporation and the Grantees are two individuals. Granter conveys and quitclaims the described property to Grantees 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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People Also Ask about

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.
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 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.
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.
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.

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A Quitclaim Deed is a legal document used to transfer any ownership interest one person has in a property to another person, without any warranties or guarantees regarding the title.
Typically, the individual transferring their interest in the property (the grantor) is required to file a Quitclaim Deed.
To fill out a Quitclaim Deed, you need to include the names of the grantor and grantee, a description of the property, and the date of transfer. It's also advisable to include the consideration (the amount of money exchanged, if any).
The purpose of a Quitclaim Deed is to relinquish any claims or interests in a property, typically to simplify the transfer process among family members or in situations where there is no price being paid.
The Quitclaim Deed must report the names of the grantor and grantee, a legal description of the property, the date of the transfer, and any consideration involved in the transfer, if applicable.
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