Virginia Quitclaim Deed from Two Individuals to Two Individuals
About this form
This form is a Quitclaim Deed from Two Individuals to Two Individuals, which allows the Grantors to transfer their ownership interest in a specific property to the Grantees. Unlike other deeds, a Quitclaim Deed does not guarantee that the Grantors hold clear title to the property; it simply conveys whatever interest they have, if any. This form is especially useful for individuals looking to change property ownership among family members or partners, and it is compliant with Virginia state laws regarding property transfers.
Key parts of this document
- Identification of Grantors: Names and addresses of the individuals transferring ownership.
- Identification of Grantees: Names and addresses of the individuals receiving ownership.
- Description of the Property: Detailed legal description of the property being conveyed.
- Type of Ownership: Specification of whether the Grantees will hold the property as joint tenants with right of survivorship or as tenants in common.
- Signatures: Required signatures of both Grantors to validate the transfer.
- Notary Section: Space for the notary public to complete their acknowledgment.
Situations where this form applies
You should use this Quitclaim Deed when two individuals wish to transfer ownership of property between themselves. Common scenarios include transferring property to a family member, changing partners in a joint ownership situation, or rectifying a title issue. This deed is also utilized when one co-owner wants to relinquish their interest in the property to the other co-owner(s).
Who can use this document
This form is intended for:
- Individuals who co-own property and wish to transfer their interest to another co-owner.
- Family members looking to gift property or adjust ownership arrangements.
- Partners or individuals in a relationship managing shared real estate assets.
- Anyone needing a simple means to convey property ownership without warranty.
Completing this form step by step
- Identify the parties: Enter the names and addresses of the Grantors and Grantees.
- Specify the property: Include a detailed legal description of the property being transferred.
- Select the type of ownership: Indicate whether the Grantees will take the property as joint tenants or tenants in common.
- Add signatures: Both Grantors must sign the deed to validate the transfer.
- Notarization: Have the deed notarized to ensure legal validity.
Does this form need to be notarized?
Yes, this form must be notarized to be legally valid. Notarization serves to authenticate the identities of the individuals signing the document. US Legal Forms offers integrated online notarization options for your convenience. A notary public can assist you via a secure video call, ensuring legal equivalence without the need to travel.
Typical mistakes to avoid
- Failing to accurately describe the property being conveyed.
- Not including both Grantors' signatures on the form.
- Neglecting to have the deed notarized, if required.
- Choosing the wrong type of ownership structure for Grantees.
- Overlooking local filing or recording requirements.
Benefits of using this form online
- Convenience: Easily fill out and download the form at your own pace.
- Editability: Make adjustments as needed before finalizing the document.
- Accessibility: Obtain reliable legal forms at any time, eliminating the need to visit a law office.
- Compliance: Forms are drafted to meet state requirements, giving you peace of mind.
Form popularity
FAQ
To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.
CAPITAL LETTERS The Grantor and Grantee must be stated in the first clause/sentence of the document with their names being in capital letters. Laws § 55-96. Recording After signing bring to the Clerk of the Circuit Court along with the required filing fee(s).
How do I add someone or remove someone from my deed? To make changes to ownership of property, a new deed will need to be prepared and recorded in the Clerk's Office where the property is located. The Commonwealth of Virginia does not provide any forms for deed transfers.
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
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.
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.
Virginia Requirements for Quit Claim Deeds A legal description of the property must be included, and there should be a statement regarding how the grantor came to be in possession of the property. The deed should be notarized both parties must sign the deed in the presence of a notary public, who will also sign it.
But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.
