Washington Quitclaim Deed from Individual to LLC
Overview of this form
This Quitclaim Deed from Individual to LLC is a legal document through which an individual (the grantor) transfers their property ownership rights to a limited liability company (the grantee). This form is useful when the grantor wishes to convey property without any warranties, meaning the grantee accepts the property "as-is." Unlike other types of deeds, a quitclaim deed does not guarantee that the grantor holds clear title to the property, making it essential to understand its implications before use.
Key parts of this document
- Identification of the grantor (individual) and grantee (LLC).
- Description of the property being conveyed.
- Tax parcel/account number for property identification.
- Provisions for the reservation of oil, gas, and minerals.
- Clauses addressing taxes for the year of transfer.
- Signature lines for the grantor and notarization section.
Common use cases
Intended users of this form
- Individuals transferring property to their LLC.
- Business owners seeking to consolidate assets under their LLC.
- Those involved in estate planning or restructuring their assets.
Steps to complete this form
- Identify the parties: Enter the name of the grantor (individual) and the name of the grantee (LLC).
- Specify the property: Provide a detailed description of the property being conveyed, including the parcel number.
- Complete the reservation clause: Indicate any oil, gas, or mineral rights that are being reserved by the grantor.
- Address tax provisions: Decide how taxes for the current year will be handled and select appropriate terms.
- Sign and date the document: The grantor must sign and date the form in the presence of a notary.
Is notarization required?
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.
Avoid these common issues
- Failing to include a clear description of the property can lead to ambiguity.
- Not reserving necessary rights (like mineral rights) can affect future property use.
- Inadequately handling tax provisions could result in unexpected tax liabilities.
Benefits of using this form online
- Convenient access to legal forms from anywhere.
- Immediate download for quick use and customization.
- Forms are drafted by licensed attorneys, ensuring legal accuracy.
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FAQ
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.
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.
A quitclaim deed transfers title but makes no promises at all about the owner's 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.
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 divorce and one spouse's name is removed from the title or deed.
A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.
In California, a quitclaim deed is a legal document used to transfer ownership of real property.
Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.
Quitclaim deeds (sometimes erroneously called "quit claim deeds" or "quick claim deeds") are legally binding documents that do not require a lawyer's time to fill out and file.
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.
