This form is a Quitclaim Deed where the Grantor is a trust and the Grantee is a limited liability company. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.
Bakersfield California Quitclaim Deed from a Trust to a Limited Liability Company
Category:
State:
California
City:
Bakersfield
Control #:
CA-044-77
Format:
Word;
Rich Text
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How to fill out California Quitclaim Deed From A Trust To A Limited Liability Company?
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FAQ
In which of the following situations could a quitclaim deed NOT be used? c. The answer is to warrant that a title is valid.
Definition of Quitclaim Deed? A deed by which the grantor releases any interest he may have in real property. The deed makes no representation as to ownership or warranty.
The General Warranty Deed: On the opposite side of the spectrum from the quitclaim deed is the general warranty deed. The grantor of a general warranty deed makes five specific guarantees by the granting of the general warranty deed.
Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.
While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy.
Which of the following is not required for a deed to be valid? Signature of the grantee.
California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.
No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.
A quitclaim deed to LLC is actually a very simple process. You will need a deed form and a copy of the existing deed to make sure you identify titles properly and get the legal description of the property.
Recording. Once the quitclaim deed is signed and notarized, it is a valid legal document. But the grantee must also have the quitclaim deed recorded in the county recorder's office, or with the county clerk -- whoever has the authority to record deeds and property transfers.