12/11/2023 0 Comments Quit claim deed![]() ![]() The common law concept of quitclaim dates back to medieval England. No date, but folio 37 records a deed of 1261 In the middle section Ralph de Frescheville quitclaims two bovates of land to Eleanor, daughter of Geoffrey Chamberlain, for three marks in silver. History Cartulary of Dale Abbey, Derbyshire, folio 36. Details of the instrument itself, and the typical circumstances of use, vary by U.S. The legal instrument by which the transfer is effected may be known as a quitclaim deed or quitclaim agreement. Specific situations where a precise definition of the grantor's interest (if any) may be unnecessary include property transferred as a gift, to a family member, or into a business entity. There may even be no guarantee that the grantor owns the property or has any legal interest in it whatsoever. Ĭommonly, quitclaims are used in situations where a grantor transfers any interest they have in property to a recipient (the grantee) but without offering any guarantee as to the extent of that interest. Originally a common law concept dating back to Medieval England, the expression is in modern times mostly restricted to North American law, where it often refers specifically to a transfer of ownership or some other interest in real property. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land. Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. ![]() You can modify it and reuse it.Renunciation or transfer of land rights Property law The document is created before your eyes as you respond to the questions.Īt the end, you receive it in Word and PDF formats. Contact the local county Register of Deeds to get information about which governmental agency should be given the Deed to file and record before being returned to the Grantee. Different states have different requirements for when and how the Deed should be filed. ![]() Quitclaim Deeds are governed by state law. Once the document is signed, it should be filed in the local County Clerk or Registry Office and then sent to the Grantees after it has been recorded. To execute the completed Quitclaim Deed, the Grantors and Grantees must sign the document in front of a notary public and have the document notarized. The parcel ID number, also known as an Assessor's Parcel Number (APN), can be found on past tax statements, a revaluation notice, or a personal property listing form. The legal description for the property can be found on previous deeds, tax forms, or at the county's Register of Deeds where deeds are recorded by the county. This description includes the address, the legal description, and the parcel ID number of the property. If the property transfer is a gift, a nominal amount of money, $10, is listed as the amount being exchanged.įinally, the Deed must include a precise description of the property being transferred. The Deed should also include information about whether or not money is being exchanged as compensation for the transfer of the property. For example, if two people get married and the spouse who already owns a property wants to put their new spouse on the title, the spouse who already owns the property would be the Grantor and the spouses together would be the Grantees. A person can also be both a Grantor and a Grantee. Grantors and Grantees can be individual people, multiple individuals, married or divorced couples, trusts, or businesses.
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