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QUIT CLAIM DEED (Illinois Tenants in common) PREPARED BY:MAIL TO:NAME & ADDRESS OF TAXPAYER:SPACE ABOVE RESERVED RECORDERS USE BLYTHE GRANTER(S):, Of the City of, County of and State of Illinois,
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Illinois tenants in common is a form of property ownership in which each owner has an equal interest in the property, but ownership is not necessarily divided equally.
All co-owners of property held as tenants in common are required to file the necessary paperwork with the county recorder's office in Illinois.
To fill out illinois tenants in common, co-owners must typically submit a declaration of ownership form with the county recorder's office, clearly stating their percentage of ownership.
The purpose of illinois tenants in common is to establish each co-owner's ownership interest in the property and provide clarity on how the property is held.
The information reported on illinois tenants in common typically includes the names of the co-owners, the percentage of ownership each holds, and a legal description of the property.
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