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This document serves as a legal instrument by which Grantors (Husband and Wife) transfer their interest in property to a Corporation (Grantee) for a nominal consideration. It includes details for

How to fill out quitclaim deed

How to fill out Quitclaim Deed

1. Obtain a Quitclaim Deed form from a reliable source or local government office.
2. Fill in the name of the current property owner (grantor) in the designated field.
3. Enter the name of the person receiving the property (grantee).
4. Provide a legal description of the property, which can usually be found in the original deed or tax records.
5. Include the property's address for clarity.
6. Specify the consideration (payment or exchange) for the deed, even if it's a nominal amount.
7. Have the deed signed by the grantor in the presence of a notary public.
8. The notary must then sign and seal the document.
9. File the completed Quitclaim Deed with the local county recorder's office to make it official.

Who needs Quitclaim Deed?

1. Individuals transferring property to family members.
2. People who are gifting property without a formal sale.
3. Ex-spouses transferring ownership after divorce.
4. Trustees transferring property to beneficiaries.
5. Anyone looking to clear title disputes.

This Quitclaim Deed from Husband and Wife to Corporation form is a Quitclaim Deed where the granters are husband and wife and the grantee is a corporation. Granters convey and quitclaim the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Granters, if any, which are reserved by Granters.

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 instrument that allows a person to transfer their interest in a property to another person without any warranties or guarantees regarding the title.

Who is required to file Quitclaim Deed?

Typically, the person transferring their interest in the property, known as the grantor, is required to file the Quitclaim Deed.

How to fill out Quitclaim Deed?

To fill out a Quitclaim Deed, you need to provide the names of the grantor and grantee, a legal description of the property, the date of the transfer, and the grantor's signature, along with witnesses or notarization as required by your state.

What is the purpose of Quitclaim Deed?

The purpose of a Quitclaim Deed is to transfer any interest the grantor has in a property without warranty, often used in divorce settlements, family transactions, or resolving title issues.

What information must be reported on Quitclaim Deed?

The required information on a Quitclaim Deed includes the names and addresses of the grantor and grantee, a legal description of the property, the date of the transaction, and the grantor's signature.