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  • Illinois Quitclaim Deed From Individual To Two Individuals In Joint Tenancy

Get Illinois Quitclaim Deed From Individual To Two Individuals In Joint Tenancy

This document prepared by (and after recording return to): Name: Firm/Company: Address: Address 2: City, State, Zip: Phone: ) ) ) ) ) ) ) ) ) ) --------Above This Line Reserved For Official Use Only------------.

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There is a specific statute in Illinois that deals with tenancy by the entirety ownership of real estate. There are certain rules to holding title to real estate as tenants by the entirety: Only two people may hold title to property as tenants by the entirety, and they must be married to each other.

Joint Tenancy In Illinois Holding a property in joint tenancy allows the property to remain with the surviving joint tenant after the death of the other party without any fear of the deceased's share being given away.

In Illinois, a title can be held in three ways: tenancy by the entirety, tenants in common, or joint tenants with the right of survivorship.

Joint tenants need not be married or otherwise related, and any sort of property, real or personal, may be held in joint tenancy. Only married couples may hold property as tenants by the entirety in Illinois, and they may use that form of ownership only for homestead property.

Joint Tenancy The right of survivorship is the right to own the property after the death of one of the other owners. If a house has three owners and they hold the property in joint tenancy, the death of the first owner causes the property to immediately transfer to the remaining two owners.

Once a quit claim deed is signed, then the party transferring their rights will have no claim to the home. You will want to make sure that there is an enforceable agreement in place because the this deed only takes you off the title, not the mortgage.

JOINT TENANCY Similar to “tenancy in common”, all owners have an undivided interest in the whole property and can use the entire property. The main difference from tenancy in common is that there is a unity of ownership.

In Illinois, a title can be held in three ways: tenancy by the entirety, tenants in common, or joint tenants with the right of survivorship.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232