Modern real estate transactions can be completed with simple forms to save time, energy and money. When there are co-owners of a property, who already know all the characteristics of the land, then the Quick Claim Deed is a faster way to transfer an asset. There is no need for redundant property records searches. Here are tips on filling out a Quick Claim Deed form.
Transfer Known Real Estate Asset
There is no need to run the standard government check for ownership, liens and warranties for a property held by family members or co-owners. Some of these properties have been inherited by wives, children or siblings as part of an estate. One party might want to raise some cash quickly by transferring the property to another family member. It is easier for one owner to manage land.
The Quit Claim permits one individual to complete the sale quickly with minimal paperwork. It is becoming a very popular form. No lawyers, courts or bureaucrats are required. The language has become quite standardized as both parties simply attest to the transfer, amount and description of the property.
Necessary Quit Claim Form Information
The Quit Claim Deed form uses the terms of Grantor (Seller or Owner of said property) and Grantee (Buyer of said property) for the two parties involved. First, the parties must fill in the date. Then, write in the name of the county and state in which the property is located.
Next, the “indenture,” “agreement” or “transfer” of said property must be stated between the Grantor and Grantee. Each individual should include their home addresses. Next is verbiage “transferring the property” – the Grantor “quits claim” to the “following property” for the “sum of” [Fill in the amount] to the Grantee.
Add a descriptive legal description of the property being transferred next. You can get the original deed from the county recorder; include the lot number and tax parcel number. The bottom of the form will include a space for the notary public signature and stamp. Both parties must sign and date the form in the presence of the witness to make it legal. Deposit the completed Quit Claim Deed form with the county recorder’s office.