North Carolina - Quitclaim Deed from Individual to Two Individuals

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NC-020-77
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What this document covers

This form is a Quitclaim Deed specifically designed for conveying real estate in North Carolina. It allows an individual (the grantor) to transfer their interest in a property to two individuals (the grantees) as tenants in common. Unlike other deed types, a quitclaim deed does not guarantee that the grantor has a valid title to the property; it merely relinquishes any claim the grantor may have. This form complies with all relevant North Carolina statutory laws, ensuring it meets the legal standards required in this jurisdiction.

Form components explained

  • Identification of the grantor and grantees.
  • Legal description of the property being conveyed.
  • Statement of consideration, acknowledging the value exchanged.
  • Statement of the grantor's intent to quitclaim rights to the property.
  • Signature lines for the grantor and notarization, if applicable.
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Common use cases

This quitclaim deed is useful in various situations, such as when a property owner wishes to transfer ownership to family members or friends without a financial transaction. It is often employed in divorce proceedings where one spouse relinquishes their rights to the property, or when transferring property into a living trust. This deed can also be used to clear up any potential title discrepancies or claims on a property.

Who can use this document

This form is intended for:

  • Individuals looking to transfer property ownership to two co-owners.
  • Owners wanting to clarify property rights among family members or partners.
  • Individuals involved in legal transactions regarding real estate without complex title issues.

How to prepare this document

  • Identify the full names and addresses of the grantor and grantees.
  • Provide a detailed legal description of the property, ensuring accuracy.
  • Enter the consideration amount, typically a nominal sum like ten dollars.
  • Include the date of the transfer and the signature of the grantor.
  • Ensure the form is notarized, if required, to validate the deed.

Does this document require notarization?

This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.

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Avoid these common issues

  • Failing to provide a complete and accurate legal description of the property.
  • Not having the deed notarized when required by law.
  • Using incorrect names or misspelling the names of the grantor or grantees.
  • Neglecting to include the consideration amount in the deed.

Why complete this form online

  • Convenient access to legal forms from any location, allowing for easy downloads.
  • Editability of the digital form reduces errors compared to handwritten versions.
  • Forms are created based on current legal standards, enhancing reliability.
  • Easy to follow instructions streamline the process of completion.

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FAQ

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.

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.

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.

Filing the Quitclaim Deed In Wake County, North Carolina, as of 2019, the fee is $64 for the first 35 pages of the quitclaim deed and $4 for each additional page. Since most quitclaim deeds are much less than 35 pages, the fee in Wake County typically will be $64.

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.

Laws § 47B-8. Recording This form must be submitted, after completion and signature, to the Register of Deeds in the county where the real estate is located. Signing (A§ 47-38) All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.

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.

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North Carolina - Quitclaim Deed from Individual to Two Individuals