Basic Quitclaim
BASIC QUITCLAIM
I. Introduction
This Inter-Spousal Quitclaim Agreement is entered into on [Date], by and between [Your Name], hereinafter referred to as the "Grantor," and [Grantee's Name], hereinafter referred to as the "Grantee," collectively referred to as the "Parties."
II. Background
In accordance with the divorce decree dated [Date], between the Grantor and the Grantee, it has been decided to divide jointly owned real estate properties. This Quitclaim Agreement facilitates the transfer of ownership rights from one party to the other as per the terms outlined herein.
III. Property Description
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[Property 1 Description]: The property located at [Address], hereinafter referred to as "Property 1," is described as [Brief Description]. The Grantor hereby agrees to relinquish all rights, title, and interest in Property 1 to the Grantee.
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[Property 2 Description]: The property situated at [Address], hereinafter referred to as "Property 2," is described as [Brief Description]. The Grantor hereby agrees to relinquish all rights, title, and interest in Property 2 to the Grantee.
IV. Recitals
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The Grantor is the legal owner of the aforementioned properties.
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Pursuant to the terms of the divorce decree, the parties have agreed to divide the properties in question.
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The Grantor intends to transfer their interest in the properties to the Grantee as per the terms of this Quitclaim Deed.
V. Transfer of Property
The Grantor, for and in consideration of the mutual covenants contained herein and for other good and valuable consideration, hereby conveys, releases, and quitclaims to the Grantee all their right, title, and interest in and to the above-mentioned properties.
VI. Consideration
The Grantee acknowledges that this Quitclaim Deed is made without warranty, express or implied, and is based solely on the agreement reached in the divorce decree. No additional consideration beyond what is stipulated in the divorce decree is exchanged herein.
VII. Execution
The Grantor hereby warrants and represents that they have full authority to convey the properties and that the properties are free from all encumbrances except as otherwise stated in the divorce decree.
IN WITNESS WHEREOF, the Grantor has hereunto set their hand and seal on the date first above written.
[Your Name]
[Date]
VIII. Acceptance
The Grantee acknowledges receipt of this Quitclaim Deed and accepts the conveyance of the properties subject thereto.
[Grantee's Name]
[Date]
NOTARY ACKNOWLEDGEMENT
This document was acknowledged before me on , 20 , by [Your Name], the Grantor, and , the Grantee.
[Notary Public's Name]
My Commission Expires:
