Corporate Property Reassignment Quitclaim Deed
Corporate Property Reassignment Quitclaim Deed
This Corporate Property Reassignment Quitclaim Deed is prepared as part of an internal corporate restructuring. The deed facilitates the transfer of property between corporate entities within the same organization. This document is intended for internal use and must be completed and signed by the appropriate corporate officers to ensure proper compliance with restructuring objectives.
This Corporate Property Reassignment Quitclaim Deed is made and entered into on June 12, 2051, by and between [YOUR COMPANY NAME], a corporation organized under the laws of the state of California, with its principal office located at [YOUR COMPANY ADDRESS], and Future Ventures LLC, a limited liability company located at 5678 Startup Road, San Jose, CA 95112.
Transfer of Property
WHEREAS, [YOUR COMPANY NAME], hereinafter referred to as the "Grantor," is the owner of the property located at 789 Tech Park Drive, Palo Alto, CA 94301, described as follows:
Lot 12, Block B, of Innovation Heights Subdivision as per map recorded in Book 55, Pages 23-25, of Maps, in the Office of the Recorder of Santa Clara County.
WHEREAS, [YOUR COMPANY NAME] has determined that it is in the best interest of the corporation to reassign the property as part of the internal restructuring process.
Consideration
The Grantor, for and in consideration of the sum of one dollar ($1.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, hereby releases and quitclaims to Future Ventures LLC, hereinafter referred to as the "Grantee," all of the Grantor’s right, title, and interest in and to the property described above.
Covenants
Grantor does hereby covenant that the Grantor has not done or suffered anything whereby the property hereby quitclaimed has been encumbered in any way whatsoever, except as noted herein.
Execution of Deed
IN WITNESS WHEREOF, the undersigned has executed this Corporate Property Reassignment Quitclaim Deed as of June 12, 2051.
Grantor’s Full Legal Name |
Corporate Officer |
Corporate Title |
Date of Execution |
---|---|---|---|
[YOUR COMPANY NAME] |
Sarah Thompson |
Chief Executive Officer |
June 12, 2051 |
Acknowledgment and Notarization
This instrument was acknowledged before me on June 12, 2051 by Sarah Thompson, the Chief Executive Officer of [YOUR COMPANY NAME], a California corporation, on behalf of the corporation.
Notary Public |
Commission Expires |
State |
County |
Date of Acknowledgment |
---|---|---|---|---|
Jonathan Carter |
December 31, 2052 |
California |
Santa Clara |
June 12, 2051 |
Corporate Officer Contact Information
Name |
|
Company Website |
Social Media |
---|---|---|---|
[YOUR NAME] |
[YOUR EMAIL] |
[YOUR COMPANY WEBSITE] |
[YOUR COMPANY SOCIAL MEDIA] |
This Corporate Property Reassignment Quitclaim Deed is executed in accordance with all applicable laws and regulations governing corporate real estate transfers.