North Carolina Quitclaim Deed from Limited Liability Company to a Husband and Wife or Two Individuals
Overview of this form
The Quitclaim Deed from Limited Liability Company to a Husband and Wife or Two Individuals is a legal document used to transfer ownership of real property. Unlike other types of deeds, a quitclaim deed does not guarantee that the title is clear or valid; it merely conveys whatever interest the Grantor (the LLC) has in the property to the Grantees (a husband and wife or two individuals). This form is particularly useful when the Grantor is a limited liability company and the Grantees are individuals, allowing for a straightforward transfer without extensive legal verification.
Key components of this form
- Identification of the Grantor and Grantees.
- Description of the property being transferred.
- Specification of how the Grantees will hold title (Tenants in Common, Joint Tenants with Right of Survivorship, or Tenants by the Entirety).
- Signature lines for the Grantor and witnesses if applicable.
- Notary acknowledgment section to validate the deed.
When to use this document
This Quitclaim Deed is appropriate to use when transferring property ownership from a limited liability company to a married couple or two single individuals. It is particularly beneficial in scenarios such as gifting property, clarifying ownership between parties, or during divorce settlements where the LLC wishes to transfer property entitled to individuals.
Intended users of this form
- Limited liability companies (LLCs) looking to transfer property ownership.
- Married couples acquiring property together through an LLC.
- Two individuals entering into a property ownership agreement.
Completing this form step by step
- Identify the parties involved: fill in the names of the LLC (Grantor) and the individuals (Grantees).
- Describe the property: provide a detailed legal description of the property being transferred.
- Specify the type of ownership: indicate whether the Grantees will hold title as Tenants in Common, Joint Tenants with Right of Survivorship, or Tenants by the Entirety.
- Sign the document: the Grantor (LLC representative) must sign the deed in the presence of a notary public.
- File the deed: submit the completed and notarized Quitclaim Deed to the appropriate county recorder's office to make the transfer public.
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 complete legal description of the property.
- Not specifying how the Grantees will hold the property.
- Not having the deed notarized.
- Leaving out the date of the transfer.
Advantages of online completion
- Convenient access to legal documentation without the need for in-person visits.
- Edit the form easily to fit your specific property and parties involved.
- Reliable templates drafted by licensed attorneys ensure compliance with state laws.
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FAQ
They are commonly used to add/remove someone to/from real estate title or deed (divorce, name changes, family and trust transfers). The quitclaim deed is a legal document (deed) used to transfer interest in real estate from one person or entity (grantor) to another (grantee).
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.
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.
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.
Once a quit claim deed has been completed and filed with the County Clerk's Office, the title will officially pass from the grantor to the grantee. The only way to reverse a quit claim deed is to go to court and prove that the grantor was forced to sign the document under duress.
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.
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.
First, so long as you own the property you purchased, you are obligated to pay its property taxes. One way to get a warranty deed to the property you acquired via a foreclosure where you got a quit claim deed for it is to simply deed the property to yourself or a trust that you created as a grant (warranty) deed.
A quitclaim deed only transfers the grantor's interests in a piece of real estate.A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee. It offers the least amount of protection out of any other type of deed.
