![]() ![]() Within a Quitclaim Deed, there may be more than one grantor if two or more parties co-own a piece of real property. In other words, the grantor is the party whose name is currently on the title. The grantor is the party that transfers interest in a piece of real property to another party.Either party can be an individual, corporation, or trust. To complete a Quitclaim Deed, you must name the grantor and grantee. Generally, you can create and execute a Quitclaim Deed by completing the following steps: 1. However, you can create a Survivorship Deed if you want to transfer property to multiple people who will each have the right of survivorship. Our Quitclaim Deed template does not give you the option to include the right of survivorship. When one joint owner remains, they have sole ownership of the property.įor example, if spouses jointly own property with the right of survivorship and one of them passes away, the surviving spouse automatically inherits the deceased spouse's interest in the property without going through probate. What's a Quitclaim Deed with the right of survivorship?Ī Quitclaim Deed with the right of survivorship allows multiple people to receive and jointly own real property and ensures that after a joint owner dies, the property title automatically transfers to the surviving owner(s) without having to go through probate. Due to the lack of warranties for the buyer, Quitclaim Deed forms are only suitable when buyers have 100% trust in the seller. Fix a defect on a property title, such as a misspelled nameĪlthough it's less common, Quitclaim Deeds can also be used when you're selling and transferring a title to a buyer.Remove a spouse's name from a title during divorce.Add a spouse's name to a title after marriage. ![]() Transfer property interest to an organization.Transfer property interest from a trust to an heir. ![]()
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