How Do You Complete A Quit Claim Deed?
A quit claim deed is quite literally a means to ‘quit your claim’ to a deed on a piece of real estate and transfer your interest in it to another party. This is commonly used among family members or to place a piece of real estate into or out of a business ownership situation. Quit claim deeds are a quick way of transferring property ownership. Care must be taken to understand what is covered by a quit claim deed and what is not. Obtain a quit claim deed form, preferably with the assistance from a lawyer who specializes in real estate law. Fill out the quit claim deed completely and accurately. It is a short and straight forward form. Include the names of the parties involved and sign where asked. The ‘Grantor’ is the person quitting the deed. The ‘Grantee’ is the person the property is being transferred to. You must date the agreement and include the property tax ID number as well as the state and county where the property is located. Have the quit claim deed form notarized (you must
