South Dakota Quitclaim Deed
South Dakota Quitclaim Deed
This South Dakota Quitclaim Deed ("Deed") is made effective as of [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".
RECITALS
WHEREAS, the Grantor is the owner of certain real property located at 456 Oak Street, Rapid City, South Dakota, legally described as follows: Lot 5 of Block 3 of Pine Grove Subdivision, as recorded in Plat Book 10, Page 15, in the Office of the Register of Deeds of Pennington County, South Dakota;
WHEREAS, the Grantor desires to convey all of their right, title, and interest in the aforementioned property to the Grantee;
NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
TRANSFER OF PROPERTY
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Granting Clause: The Grantor hereby remises, releases, and forever quitclaims to the Grantee, all of the Grantor's right, title, and interest in and to the property described above.
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No Warranty: It is expressly understood and agreed by the Parties that this Deed is a quitclaim deed and does not include any warranties, covenants, or representations of any kind, express or implied, concerning the title, possession, or enjoyment of the property.
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Legal Description: The Parties acknowledge that the legal description of the property is as set forth above and is incorporated herein by reference.
CONSIDERATION
The consideration for this conveyance is the sum of $50,000, paid in full by the Grantee to the Grantor, the receipt of which is hereby acknowledged by the Grantor.
FURTHER ASSURANCES
The Grantor agrees to execute and deliver such further instruments and assurances and to take such other actions as may be reasonably necessary or appropriate to carry out the intent and purpose of this Deed.
SUCCESSORS AND ASSIGNS
This Deed shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns.
GOVERNING LAW
This Quitclaim Deed and the rights and obligations of the Parties hereunder shall be governed by and construed by the laws of the State of South Dakota, without regard to its conflicts of law principles.
EXECUTION
IN WITNESS WHEREOF, the Parties have executed this Quitclaim Deed as of the date first above written.
[YOUR NAME]
[DATE SIGNED]
ACCEPTANCE
The Grantee acknowledges receipt of this Quitclaim Deed and accepts the conveyance of the properties subject thereto.
[GRANTEE'S NAME]
[DATE SIGNED]
NOTARY ACKNOWLEDGEMENT
State of South Dakota
County of Pennington
On this [DATE], before me, the undersigned notary public, personally appeared [Your Name] and [GRANTEE'S NAME], known to me (or proved to me based on satisfactory evidence) to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
(Notary Seal)
