Chicago Title Quit Claim Deed Form Illinois

State:
Illinois
Control #:
IL-07-77
Format:
Word; 
Rich Text
Instant download

Description

The Chicago title quit claim deed form Illinois is a legal document used to transfer ownership of real property from an individual to a Limited Liability Company (LLC). This form highlights key features such as acknowledgment of receipt of consideration, a legal description of the property, and necessary notary public certification. Users must complete the form by filling in details, such as the names and addresses of the grantor and grantee, as well as relevant legal descriptions and prior instrument references. It's important to ensure that all fields are accurately filled out to avoid issues during property transfer. This deed is useful in various situations, including transferring property for estate planning, business structuring, or asset protection. Target users like attorneys, paralegals, and legal assistants will find this form essential for facilitating real estate transactions efficiently and with legal compliance. The form's straightforward nature makes it accessible even for those with limited legal experience, enhancing its utility across different professional roles in the legal field.
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  • Preview Quitclaim Deed from Individual to LLC
  • Preview Quitclaim Deed from Individual to LLC
  • Preview Quitclaim Deed from Individual to LLC

How to fill out Illinois Quitclaim Deed From Individual To LLC?

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FAQ

Before you file the deed, get a tax stamp from the local municipality where the property is located. When you're ready to file the deed, bring it to the County Recorder of Deeds, where they will stamp and file the deed. You'll have to pay a fee for recording, or filing, the deed.

If you're preparing the quitclaim deed yourself, make sure to enter the property description just as it appears on an older deed of the property. If you can't find an old deed, check with the County Recorder of Deeds in the county where the property is located. They can tell you where to get a copy of an earlier deed.

LEGAL FEES - ILLINOIS QUIT CLAIM DEEDS The fee is $150 (or $160 if paid by credit card). It will be your responsibility to get the transfer stamps (if necessary) and get the deed recorded with the County Recorder. There is nothing legal about obtaining the municipal stamp and recording the deed.

How do you file a quit claim deed in Illinois? To file an Illinois quitclaim deed form, you must bring your signed and notarized quitclaim deed to the County Recorder's office in the county where the property is located. Make sure that you also bring the required fees.

Form PTAX-203, Illinois Real Estate Transfer Declaration, is completed by the buyer and seller and filed at the county in which the property is located. Form PTAX-203-A, Illinois Real Estate Transfer Declaration Supplemental Form A, is used for non-residential property with a sale price over $1 million.

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Chicago Title Quit Claim Deed Form Illinois