Free Printable Quitclaim Deed Forms (Word / PDF)

A quitclaim deed form is a legal instrument extensively used by a property owner while transferring property between members of a family. They use it to legally surrender his ownership of the said piece of property and relinquish the same to another party. In such a case, the property owner is knows as grantor.

When do you use a quitclaim deed?

Here are some situations where you can use a quitclaim deed form;

Transferring property among family members

A quitclaim deed form is used while transferring property among two members of the same family. These members could be parents and children, two siblings, and other closely-related family members.

Including or eliminating spouses from a tile

You will rely extensively on this form if you have to add or eliminate a souse from a title. This situation may occur due to divorce or when entering a marriage.

Change of names

Time to time, property owners change their names. The form yet again comes in handy in the course of such changes. To make the form up to date and relevant, you have to reflect the new name on it.

Transferring the legal ownership to a corporation or LLC

If the hold property is in the custody or protection of a limited liability company or corporation, then this form is used to transfer the ownership to and from the concerned parties.

Transfer of ownership to a trust

Likewise the corporation or limited liability company, it is also used to facilitate the transfers to a trust.

Contents of a Quitclaim deed form:

A quitclaim deed form includes the following components;

Title

The title clearly spells out ‘quitclaim deed form’ in this kind of a document.

Executed date

Executed day is the date when the legal document was signed, executed, and completed by the parties involved.

Grantor

A grantor is an individual who surrenders his rights to the piece of property to another party. This another party is known as grantee that may be a natural person, an LLC, a partnership, a corporation, trust or trustee.

Grantee

A person who receives the ownership rights of the property that is being transferred is known as grantee.

Habendum

It is the core of the deed that actually does the transfer of the property to a new party.

Consideration

The consideration is what that to take over the ownership of the property the grantee provides to the grantor in exchange for the right.

Legal Description

This legal description states that the property in finer details. It describes the property’s features, specifications, location, registration, and other pertinent issues. It comes in three main kinds that are;

1. Metes and bounds
2. Rectangular survey
3. Lot and block

Signatures

All legal documents have to be signed to make them official. The grantor and the grantee have to append their signatures in order to make the form officially recognized by the state.

Prepared By

This section informs everyone that who exactly prepared the form. In many cases, the attorney prepared the form who acts on behalf of the grantor or the grantor himself. You may also like Special Warranty Deed Forms.

Free Editable Quitclaim Deed Form

Printable Quitclaim Deed Form

Faqs (Frequently Asked Questions)

 

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