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This document is used to convey and quitclaim real estate from individuals to another group of individuals as joint tenants with the right of survivorship.

How to fill out quitclaim deed

How to fill out Quitclaim Deed

1. Title: Start with the title 'Quitclaim Deed' at the top of the document.
2. Date: Include the date on which the deed is being executed.
3. Grantor Information: Fill in the name and address of the person giving up their interest in the property (the grantor).
4. Grantee Information: Fill in the name and address of the person receiving the interest in the property (the grantee).
5. Legal Description: Provide a legal description of the property being transferred, which may include the address and parcel number.
6. Statement of Transfer: Add a statement indicating that the grantor is transferring their interest in the property to the grantee.
7. Signatures: The grantor must sign the deed. In some states, witnesses may be required.
8. Notarization: Have the deed notarized to ensure its legality (if required by state law).
9. Filing: Finally, file the quitclaim deed with the appropriate local government office, such as the county clerk or recorder's office.

Who needs Quitclaim Deed?

1. Individuals transferring property to family members or friends as a gift.
2. Divorcing couples who want to transfer property ownership without selling.
3. People clearing up title issues, such as removing an ex-spouse from the deed.
4. Business partners who are reassigning property ownership.
5. Individuals consolidating property ownership from multiple owners into one.

This form is a Quitclaim Deed where the granters are two individuals and the grantees are three individuals holding title as joint tenants.

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 used to transfer interest in real property from one party to another without making any guarantees about the value of the property or the validity of the title.

Who is required to file Quitclaim Deed?

Typically, the property owner who wishes to transfer their interest in the property is required to file a Quitclaim Deed.

How to fill out Quitclaim Deed?

To fill out a Quitclaim Deed, the grantor (the person transferring the property) must provide their name, the name of the grantee (the person receiving the property), a legal description of the property, and sign the document in front of a notary.

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 conveying any warranties or promises regarding the ownership or condition of the property.

What information must be reported on Quitclaim Deed?

A Quitclaim Deed must include the names of the grantor and grantee, the legal description of the property, the date of the transfer, and the signature of the grantor, often notarized.