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.
Texas Quitclaim Assignment
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Multi-State
Control #:
US-OG-296
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Word;
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How to fill out Quitclaim Assignment?
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FAQ
It is merely a document that transfers whatever title may exist in the grantor to a grantee. It doesn't grant any title. It's more in the form of an estoppel than a deed. So a quitclaim deed is an instrument that denies ownership of the property at stake.
Recording Requirements § 11.001: You need to record the completed and notarized quitclaim deed form.
When a property owner wants to transfer property title to any family member, such as a parent, child, brother, sister, aunt, uncle, niece, nephew, or spouse, the property owner simply needs to sign a Warranty Deed to transfer the property. You cannot simply scratch out a name on a prior deed and write in the new name.
A quitclaim deed can therefore transfer anything from a fee simple interested in a property to nothing at all, depending on what interest the grantor has at the time of transfer. A quitclaim deed can often not be used to establish title on its own.
Once a deed has been recorded by the County Clerk's Office, copies of the deed may be requested if the original deed has been misplaced. Plain copies can be found by using the Official Public Records Search and selecting "Land Records". A certified copy may be purchased through request either in person or by mail.
Prop. Code Ann. §§ 13.001 to 13.005) by adding a new Section 13.006 relating to quitclaim deeds. SB 885 provides that four years after recording a quitclaim deed, a subsequent purchaser or creditor for value without actual notice of other unrecorded claims on the property has good faith protection.
Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.
A quitclaim gives no warranty of property title. Instead, it is used to show that the person signing the document is not making any claims to the property. He or she is ?quit claiming? the property. Relinquishes claims to a property but does not actually transfer title in Texas.
