Quit Claim Deed
QUITCLAIM DEED
I. PARTIES INVOLVED
This Quit Claim Deed ("Deed") is made on January 2050, by and between:
Grantor:
-
Name: [Your Name]
-
Address: [Your Address]
-
Email: [Your Email Address]
-
Contact Number: [Your Contact Number]
Grantee:
-
Name: [Grantee's Name]
-
Address: [Grantee's Address]
-
Email: [Grantee's Email Address]
-
Contact Number: [Grantee's Contact Number]
II. RECITALS
Background Information
-
The Grantor is the legal owner of the property located at [Property Address].
-
The Grantee desires to acquire any interest of the Grantor in the aforementioned property.
III. TRANSFER OF INTEREST
In consideration of the sum of $10,000, receipt of which is hereby acknowledged by the Grantor, the Grantor does hereby quitclaim and release to the Grantee all of the Grantor's right, title, and interest in and to the property located at [Property Address].
IV. PROPERTY DESCRIPTION
The property being conveyed is more particularly described as follows:
-
Property Address: 123 Main Street, Anytown, USA
-
Legal Description: Lot 5, Block 10, Anytown Subdivision, as recorded in Plat Book 2, Page 15, County Records.
V. CONSIDERATION
The consideration for this Deed is the sum of $10,000, paid by the Grantee to the Grantor, the receipt of which is hereby acknowledged.
VI. WARRANTY
The Grantor warrants that:
-
They are the lawful owner of the property.
-
They have the right to convey it to the Grantee.
-
They have disclosed any encumbrances or defects affecting the property.
Furthermore, the Grantor hereby releases any and all claims, rights, or interests in the property, if any, to the Grantee.
VII. GOVERNING LAW
This Deed shall be governed by and construed in accordance with the laws of the State of [State]. Any disputes arising out of or in connection with this Deed shall be resolved through arbitration in accordance with the rules of the American Arbitration Association.
VIII. Execution
In witness whereof, the parties hereto have executed this Deed on the date first above written.
Grantor:
[Your Name]
Grantee:
[Grantee's Name]
This Deed of Exchange is witnessed and signed on the day and the year first above written.
Witness 1:
[Witness Name 1]
Witness 2:
[Witness Name 2]
ACKNOWLEDGEMENT
State of [State]
County of [County]
On this [Date], before me, a Notary Public, personally appeared [Your Name], [Grantee's Name], and [Witness Name 1], [Witness Name 2] known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Notary Public: [Notary Public Name]
My Commission Expires: [Commission Expiry Date]
[Notary Public Seal]
