The Quit Claim Deed Legal Form
February 5, 2009 | Articles
In real estate, there are times when the property being ‘sold off’ does not rightfully belong to the ‘owner’. This occurs when the property in question either belongs to the government (and the owner is holding a lease hold right), or when the property was not transferred properly (by death or other factors) from the previous owner to the end user. When you are involved in a transaction such as this, you have to make sure that when you indeed, decide to sell the property, the next owner will be assured that everything will be theirs. They have to be confident in knowing that three or four months down the line, no one will come knocking at their door claiming to be the legal owner of the property.
Verbally reassuring them is not enough, in situations such as this, the best form of reassurance you can give the new owners is a statement formalized via a Quit Claim Deed.
A Quit Claim Deed (otherwise called Quick Claim) is document that is used when you are releasing all your claims on the property. This document also serves as proof that you are the sole person who had the right to use the property no one else will lay claim to it later on.
When preparing a Quit Claim Deed, you have to make sure that all the important information concerning the transaction is noted. The usual data include the names of the parties involved in the sale, a short description of the property (including the address or location), the agreed upon purchase price, and most importantly, a statement affirming that you are releasing all rights, interests and claims to the property.
To make the document legal and binding, you and the buyer or buyers (in front of third party witnesses) are obliged to affix your signature on this piece of paper. Later on, this document should be notarized to make it legal.
Quit Claim Deeds are fairly easy to prepare. You don’t need to go to a realtor or a lawyer just to have them draft you a copy. Finding a standard Quit Claim Deed layout is quite easy. In Fact you can download one here.
Downloadable forms, such as the Quit Claim Deed, follow a simple generic format and can easily be filled out using any word processing program and once purchased, you are at liberty to reproduce these forms as often as you like; and these can be modified to suit your individual requirements.
Real Estate Forms can be purchased per piece or in bulk and websites have secure payment facilities and payment can be made through major credit cards, paypal or electronic cheques. Author: Gloria Smith Article Source: http://EzineArticles.com/?expert=Gloria_Smith
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One Response to “The Quit Claim Deed Legal Form”
I just bought a house and this information came in handy. I was approached by a company outside of my title company wanting to charge me a high fee to get a quick claim deed. Now I have a better idea what this is and how to address this company. Thank you
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By Art @ Legal Document Software on Jun 16, 2010