New York Quitclaim Deed from Individual to Individual
Understanding this form
The Quitclaim Deed from Individual to Individual is a legal document used to transfer property rights from one individual (the Grantor) to another (the Grantee). Unlike other types of deeds, the quitclaim deed does not guarantee that the property title is clear or free of claims. Instead, it simply transfers whatever interest the Grantor has in the property to the Grantee, subject to any reservations, such as mineral rights, that may apply. This form is commonly used in situations where property is being transferred between friends, family members, or in divorce settlements.
Main sections of this form
- Legal description of the property being transferred
- Names and details of the Grantor and Grantee
- Effective date of the transfer
- Statement of consideration received for the property
- Signatures of the Grantor and notary acknowledgment
When to use this document
This form is useful in scenarios such as transferring property between family members, resolving ownership when someone passed away, or correcting title errors. It can also be used when a property owner wishes to relinquish their interest in a property without any warranties or guarantees about the property's title status.
Who this form is for
- Individuals transferring property to another individual
- Family members involved in property transfers
- Divorcing couples settling property disputes
- Anyone needing to clear up or correct property title issues
How to prepare this document
- Identify the parties involved: clearly state the names of the Grantor and Grantee.
- Provide the legal description of the property being transferred.
- Specify any reservations or exceptions, such as mineral rights.
- Enter the date the transfer is to take effect.
- Both Grantor and Grantee must sign, and a notary must acknowledge the signatures.
Notarization requirements for this form
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to include a complete legal description of the property.
- Not properly signing the document in front of a notary public.
- Leaving out any reservations or exceptions related to the property.
- Failing to ensure that the Grantor has the legal right to convey the property.
Benefits of using this form online
- Convenient access to a professionally drafted form tailored to your needs.
- Editable templates allow customization to fit specific situations.
- Reliable and legally compliant forms that adhere to current state laws.
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FAQ
Fill in the deed form. Print it out. Have the grantor(s) sign and get the signature(s) notarized. Complete a transfer tax form, Form TP-584. Complete and print out Form RP-5217 (or, if you are in New York City, Form RP-5217NYC).
A quitclaim deed transfers the owner's entire interest in the property to the person receiving the property but it only transfers what he actually owns, so if two people jointly own the property and one of them quitclaims his interest to his brother, he can only transfer his half of the ownership.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
If you own your own home, you are free to gift or sell an interest in the real property to someone else.You'll need to transfer an interest by writing up another deed with the person's name on it. In California, you can use either a grant deed, a quitclaim deed or an interspousal deed, depending on your circumstances.
Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.
A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.
Fees to File a Quitclaim Deed in New York As of 2018, the basic fee for filing a quitclaim deed of residential or farm property is $125, while the fee for all other property is $250. These fees are for the RP-5217 form.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.
