Idaho Quitclaim and Bill of Sale of Pipeline
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How to fill out Quitclaim And Bill Of Sale Of Pipeline?
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FAQ
1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
? Quitclaim deed must be written and signed by grantor before a notary public. ? Must include legal description, property address, county, date, grantor and grantee names, and transfer amount (if any). ? File the quitclaim deed with the County Clerk or City Registrar.
A quitclaim deed does not make any promises that the seller owns the property or has clear title to it. A quitclaim deed only passes the interest in the property that the seller actually has, without any guarantee. The seller is not responsible to the buyer for a defect in the title.
Recording ? The quitclaim deed must be filed at the County Recorder's Office (See County List) in the jurisdiction of the real estate. Signing (§ 55-805) ? A quitclaim deed must be signed with the Grantor(s) in front of a notary public.
A quitclaim deed to real estate may be substantially the same as a warranty deed, with the word "quitclaim" inserted in connection with the words "do hereby grant, bargain, sell and convey," as follows: "Do hereby quitclaim, grant, bargain, sell and convey," and by omitting the words, "and warrant the title to the same ...
The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.
Idaho does not offer a statutory form for a deed. Common deeds in this state are the warranty deed and quitclaim deed. A warranty deed includes covenants of title while a quitclaim deed does not. Any person, whether citizen or alien, can take, hold, and dispose of real or personal property in Idaho (55-103).
A quitclaim allows a person to transfer property to another person with a simple deed. The basic idea is that all the rights and claims of being a property owner are relinquished and legally turned over to someone else.
