Free Business Quitclaim Template
BUSINESS QUITCLAIM
This Quitclaim Deed ("Deed") is made on [Date] between [Your Name], hereinafter referred to as the Grantor, and [Company Name], a corporation organized and existing under the laws of [State/Country], with its principal place of business located at [Company Address], hereinafter referred to as the Grantee.
I. Recitals
WHEREAS, the Grantor is the sole owner of certain real property located at [Property Address], legally described as [Legal Description of Property], including all improvements, structures, fixtures, and appurtenances situated thereon (collectively referred to as the "Property");
WHEREAS, the Grantor desires to quitclaim, transfer, and convey all right, title, and interest in the Property to the Grantee, for valuable consideration;
WHEREAS, the Grantee is willing to accept the quitclaim transfer of the Property and agrees to assume all responsibility for the Property's maintenance, liabilities, and obligations;
II. Consideration
In consideration of the sum of [Insert Amount], the receipt and sufficiency of which are hereby acknowledged by the Grantor, the Grantor hereby conveys, releases, and quitclaims to the Grantee all right, title, and interest in the Property, together with all appurtenances and privileges thereto belonging, without warranty or representation as to title, condition, or encumbrances.
III. Covenants
The Grantor covenants and represents that:
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The Grantor has full right, power, and authority to execute and deliver this Deed and to convey the Property to the Grantee;
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The Grantor has not transferred or encumbered the Property in any way that would impair the Grantee's title or interest therein;
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The Property is free and clear of all liens, mortgages, encumbrances, claims, or restrictions of any kind, except as expressly disclosed herein;
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The Grantor will defend the Grantee's title to the Property against the claims of all persons, firms, or entities claiming by, through, or under the Grantor.
IV. Execution
The Grantor hereby executes this Deed as a sealed instrument on the day and year first above written.
[YOUR NAME]
V. Acceptance
The Grantor hereby executes this Deed as a sealed instrument on the day and year first above written.
[NAME OF GRANTEE'S REPRESENTATIVE]
VI. Recording and Notice
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The parties agree to execute any further documents and perform any further acts as may be reasonably necessary to effectuate the transfer of the Property.
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This Deed shall be recorded in the office of the [County/City] Recorder of Deeds upon execution to provide constructive notice of the Grantee's interest in the Property to all third parties.
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The Grantee shall be responsible for all costs associated with the recording of this Deed.
VII. NOTARY PUBLIC
This document was acknowledged before me on , 20 , by [Your Name], the Grantor, and [Company Name], the Grantee.
[Notary's Name]
My Commission Expires: