Joint Tenancy Quitclaim Deed
Joint Tenancy Quitclaim Deed
This Joint Tenancy Quitclaim Deed (hereinafter referred to as the "Deed") is made and entered into as of this day of , 20 , by and between [Your Name], hereinafter referred to as the "Grantor," residing at [Grantor's Address], and [Name of Grantee], hereinafter referred to as the "Grantee," residing at [Grantee's Address].
I. Parties Involved
A. Grantor
[Your Name] is the sibling who currently holds ownership interest in the property located at [Address of the Property].
B. Grantee
[Name of Grantee] is the sibling who will receive the ownership interest in the aforementioned property.
II. Recitals
WHEREAS, the Grantor and Grantee are siblings who have inherited the property located at [Address of the Property] as joint tenants with rights of survivorship;
WHEREAS, the Grantor desires to convey all of their right, title, and interest in and to the Property to the Grantee, thereby removing the Grantor’s name from the title and transferring their interest to the Grantee;
WHEREAS, the Grantee agrees to accept such interest and release the Grantor from any future claims or obligations concerning the Property;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto agree as follows:
III. Conveyance of Interest
The Grantor does hereby quitclaim and convey unto the Grantee, all of the Grantor’s right, title, and interest in and to the Property, to have and to hold unto the Grantee, their heirs, and assigns forever.
This conveyance is executed by the Grantor without any warranties as to the title or claims against the Property, whether express or implied, except as specifically stated herein.
Upon execution of this Deed, the Grantee shall acquire all interests of the Grantor in the Property, and the Grantor shall no longer have any rights, title, or interest in the Property.
The execution of this Deed signifies the all-encompassing transfer of the Grantor's share of the Property to the Grantee, thereby establishing the Grantee as the sole owner in fee simple.
The Grantor affirms that this transfer is made freely and voluntarily, without any duress or undue influence.
IV. Further Assurances
The Grantor agrees to execute and deliver any further documents and take any further actions reasonably requested by the Grantee to effectuate the transfer of the Property as provided herein.
Should any further documentation be required by any title company, bank, or other entity to complete this transfer, the Grantor agrees to comply promptly and without additional remuneration.
The Grantor warrants that they have not conveyed the same interest to any other party and that the Property is free from encumbrances made by the Grantor.
Both parties agree that this Deed and its provisions shall be binding upon and inure to the benefit of their respective heirs, executors, administrators, and assigns.
The Grantee acknowledges the responsibility to update all future records and documentation concerning the ownership of the Property.
V. 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 relating to this Deed shall be subject to the exclusive jurisdiction of the courts of the State of [State].
In case any provision in this Deed is held to be invalid or unenforceable, this Deed shall be construed as if such invalid or unenforceable provision were omitted, and the remaining provisions shall continue and be enforced to the maximum extent permissible.
The headings and subheadings in this Deed are included solely for convenience and shall not be considered in the interpretation or construction of any provision hereof.
This Deed constitutes the entire agreement between the Grantor and the Grantee with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements or understandings, whether oral or written.
VI. Execution
IN WITNESS WHEREOF, the Grantor and Grantee have executed this Deed as of the day and year first above written.
GRANTOR
Name: [Your Name]
GRANTEE
Name: [Name of Grantee]
VII. Notary Acknowledgment
STATE OF , COUNTY OF
On this day of , 20 before me, , a Notary Public in and for the above state and county, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal:
[Printed Name of Notary Public]
Notary Public, State of [State]
My Commission Expires: [Expiration Date]
