Quitclaim Deed Requirements
Quitclaim Deed Requirements
This Quitclaim Deed ("Deed") is made and entered into on this [Date], by and between: [Your Name] ("Grantor"), and [Grantee's Name] ("Grantee"), whose address is [Grantee's Address].
I. RECITALS
WHEREAS, the Grantor is the lawful owner of certain real property located at [Property Address], legally described as [Description of Property], hereinafter referred to as the "Property"; and
WHEREAS, the Grantor desires to release any interest, claim, or title the Grantor may have in the Property, in favor of the Grantee;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
II. TRANSFER
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Quitclaim:
The Grantor, for and in consideration of the sum of [Dollar Amount] Dollars ($[Numerical Dollar Amount]), receipt of which is hereby acknowledged, does hereby remise, release, and forever quitclaim unto the Grantee all the right, title, interest, claim, and demand which the Grantor has in and to the Property.
III. WARRANTIES
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No Warranties: The Grantor makes no warranties, express or implied, regarding the Property, and specifically disclaims any warranty of title, quiet enjoyment, or fitness for a particular purpose.
IV. CONSIDERATION
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Consideration: In consideration for this Deed and the relinquishment of any interest in the Property, the Grantee agrees to pay the Grantor the sum of [Dollar Amount] Dollars ($[Numerical Dollar Amount]), the receipt of which is hereby acknowledged by the Grantor.
V. CLOSING
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Closing: The closing of this transaction shall occur on [Closing Date], at which time the Grantor shall deliver to the Grantee a duly executed copy of this Deed.
VI. GENERAL PROVISIONS
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Severability: If any provision of this Deed is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
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Governing Law: This Deed shall be governed by and construed in accordance with the laws of the state of [State].
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Entire Agreement: This Deed constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
VII. Execution
The Grantor, having acknowledged the importance and formality of this document, executes and seals this Deed on the day and year that are noted at the beginning of this document.
Grantor: [Your Name]
VIII. Acceptance
The Grantee hereby acknowledges and confirms the receipt of this Quitclaim Deed and accepts the conveyance of all the properties that are subject to and described within the terms of this deed.
[GRANTEE'S NAME]
NOTARY ACKNOWLEDGEMENT
On the date specified as [Date], this document was formally acknowledged in my presence by [Your Name], who is the Grantor, and [Grantee's Name], who is recognized as the Grantee.
[Notary Public's Name]
My Commission Expires: [Date]
