A quit claim deed form is used by the owner of real estate to quickly transfer ownership of the property to another person or entity. It is one of the quickest and cleanest ways to transfer property.
This deed is most frequently used to transfer property between family members, to a trust, or to other trusted parties. A quit claim deed may also be used to transfer property in divorce settlements and other transfers that require simplicity and speed.
Quit Claim Deed - does not make any warranties as to whether there is a clear title or whether or not any encumbrances or other restrictions on the property exist.
General Warranty Deed - unlike quit claim deeds, general warranty deeds guarantee that the seller has clear title and the right to sell the property.
You should be able to obtain the legal description of your property from the County Register or Recorder (often online). The legal description of your property may also be found on your land title, tax assessment information, or in your mortgage agreement.
In order for a contract to be enforceable, each party must give something of value. If the buyer (i.e. the grantee) is receiving a property for free, the deed will say that the seller (i.e. the grantor) received $1.00. In contract law, this is known as giving "nominal consideration."
In most states, your quit claim deed will be considered effective and executed once it has been both signed by the grantor and also delivered to, and accepted by, the grantee.
Although it's not always required, filing your quit claim deed is highly recommended. By recording your completed deed as soon as possible, you gain legal protection from potential adverse claims by other parties.
No matter what type of deed you need, LegalNature's intuitive questionnaire makes it easy to give your agent the exact level of decision-making authority you want. Our quit claim deed form gives you complete flexibility in tailoring the document to your specific needs.
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