Rhode Island Quitclaim Assignment

State:
Multi-State
Control #:
US-OG-296
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Assignor grants, sells, assigns, and quit claims to Assignee, all of Assignor's rights, title, and interests, if any, in and to the leasehold estate in the Lease and Lands, and in any and all equipment, fixtures, or appurtenances located on the Lands.

How to fill out Quitclaim Assignment?

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FAQ

? 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 warranty deed promises that the grantor holds good, clear title to a piece of real estate. It promises also that the grantor has the right and authority right to sell it to the grantee or buyer. A quitclaim deed, on the other hand, makes no promises about the quality of the title to the property.

Recording Requirements § 34-11-1: A quitclaim deed in Rhode Island is submitted for filing with the Recorder of Deeds in the city or town where the property is located. There is no county-level recording in Rhode Island.

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.

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.

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.

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 ...

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.

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Rhode Island Quitclaim Assignment