Quitclaim Deed

A quitclaim deed is a legal document used in real estate to quickly and efficiently transfer ownership interest in property from one party to another. This document does not guarantee, however, a transfer of the property’s clear title.

The parties involved in this document are a grantor and a grantee. A grantor is a holder of a property title who is willing to transfer it to another party for or without consideration. A grantee is a person to whom a title is being transferred. Both parties could be individuals, trusts, companies, or organizations.

A quitclaim deed template could be used for a transfer of real estate only, including a house, land, farm, etc. Therefore, it could not apply towards the sale-purchase of goods.

A quitclaim deed template is one of the most frequently used legal documents in the U.S. The most common situations of its application are the following:

• when either spouse wishes to transfer their title in a property to another spouse due to marriage, separation, divorce, or other circumstances;
• when parents wish to transfer some property to their children or grandchildren;
• when there is a need to resolve technical mistakes or errors in a property’s documents, etc.

The text of a every deed template must include:

• full name of the parties (if there are several grantors, all names should be listed in the text of a deed);
• grantor’s status (applies only if either party is a physical individual);
• full name of a representative (applies only if either party is a business, organization, or trust).

A legal heart of every quitclaim deed template is a detailed description of the property that shall include:

• tax parcel number (this information could be found in a property’s tax bills, property’s real-purchase deed, or other documents);
• full address of a property;
• boundaries schema or plan (a grantor may optionally attach a property’s boundaries report to this deed as well);
• name of a state where property is located (for instance, Florida Quitclaim Deed means that the property is located in Florida).

Besides that, the text of a deed must also reflect the name of a person and their residential address where a property’s tax statement should be sent after the deed’s notarization.

The last mandatory step is a notarization process. All quitclaim deed forms in the U.S. should be notarized, which is a federal requirement. Notarization ensures the clarity of a legal title over the property, as well as its record in the official register.

Once the document is complete, signed, and notarized, a notary or a grantor shall deliver such a document to a local county’s register to finalize the transfer.

Please note that notarization and council fees for registration of a quitclaim deed vary depending on the state and area.