The person who is transferring the property is the grantor and to the person the property is getting transferred to is the grantee. A quit claim deed form is a document that states the transfer of ownership of a real property like a house car or certain mobile homes.
A quit claim deed transfers the ownership or rights of property from a seller or grantor to a buyer or grantee.
Quit claim deed template word. A quitclaim deed is a legal document used to transfer property from one person the grantor to another person the grantee. They are the ones who currently have the ownership of the property. They can either be an individual or a corporation.
Download free printable quit claim deed form samples in pdf word and excel formats. A quit claim deed in the state of new york is a document used to transfer ownership interest from one person. People must encounter some sort of deeds at some stage of their life.
They are the ones who are interested in buying the property and will become the new owner of the property. The grantor does hereby convey release and quitclaim all of the grantors rights title and interest in and to the above described property and premises to the grantee and to the grantee heirs and assigns forever so that neither grantor nor grantors heirs legal representatives or assigns shall have claim or demand any right or title to the property premises or appurtenances or any part thereof. Step 1 the buttons on the right of this page pdf odt or word make the new york quit claim deed form available in the files types displayed.
This type of deed only transfers the rights of the real property from the current owner if the grantor is the owner and makes no guarantees about the title in regards to past owners. A quitclaim deed can also be used to relinquish co owned property in situations such as divorce. The entity that is transferring the interest is known to be as the grantor while the receiver is said to be as grantee.
A quit claim deed template involves the following elements and parties. 86 quit claim deed form free download. It is the means of transferring ownership.
It is a deed that is used to transfer interest in the property that is real. Signing a quit claim deed is required to be signed with a notary public present only the grantors must sign. Deeds are generally the legal instruments that are used for transferring the real estate.
Basically deeds are of three types which are the special warranty deeds general warranty deeds and quitclaim deeds. Quit claim deed land contracts. It is often used to transfer property between family members or other parties who know each other.
In contrast from a warranty deed this document provides no guarantee that the title of the property is clear and free of encumbrances when being transferred.
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