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

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A legal document in which the grantor transfers their interest in a property to the grantees without any warranty of title. It is often used to clear up title issues or between family members.
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How to fill out quitclaim deed

How to fill out QUITCLAIM DEED
01
Title the document as 'Quitclaim Deed'.
02
Include the name of the current property owner (grantor).
03
Provide the name of the person receiving the property (grantee).
04
Describe the property being transferred, including the address and legal description.
05
State that the transfer is a quitclaim deed.
06
Include the date of the transaction.
07
Sign the document in front of a notary public.
08
Have the notary public notarize the document.
09
File the quitclaim deed with the appropriate local government office to make it public.
Who needs QUITCLAIM DEED?
01
Anyone transferring property ownership without a warranty.
02
Individuals settling property disputes or dividing property among heirs.
03
People wanting to add or remove someone from the property title.
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What are the disadvantages of a quit claim deed?
Purchasing property claim via a quitclaim deed is risky because it does not guarantee that the seller has clear title or any ownership interest at all; meaning you could end up with no legal claim to the property if there are undisclosed issues.
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.
Who benefits the most from a quitclaim deed?
Many people mistakenly believe that a quitclaim deed offers the same protections as a warranty deed. In reality, the quitclaim deed provides no guarantees about the property's ownership history. If there are competing claims or disputes about who owns the property, a quitclaim deed will not resolve them.
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.
What are the negatives of a quit claim deed?
Quitclaim deeds are typically used to transfer property in non-sale situations, such as transfers of property between family members.
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What is QUITCLAIM DEED?
A quitclaim deed is a legal document that transfers a person's interest in a property to another person without any warranties or guarantees about the title.
Who is required to file QUITCLAIM DEED?
Typically, the grantor (the person transferring ownership) is required to file a quitclaim deed, but it must be recorded with the local government office, such as the county recorder.
How to fill out QUITCLAIM DEED?
To fill out a quitclaim deed, you need to provide the names of the grantor and grantee, an accurate description of the property, the date of transfer, and the signature of the grantor.
What is the purpose of QUITCLAIM DEED?
The purpose of a quitclaim deed is to pass on ownership interest in a property quickly and simply, often used in situations like divorce settlements or transferring property between family members.
What information must be reported on QUITCLAIM DEED?
A quitclaim deed must include the names of the grantor and grantee, a legal description of the property, the date of the transaction, and the signature of the grantor.
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