This form is a Quitclaim Deed where the Grantors are an individual and a corporation and the Grantee is an LLC. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.
Colorado Springs Colorado Quitclaim Deed from an individual and a corporation to a limited liability company
Category:
State:
Colorado
City:
Colorado Springs
Control #:
CO-038-77
Format:
Word;
Rich Text
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FAQ
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.
To file a Colorado quitclaim deed form, you must bring your signed and notarized quitclaim deed to the county clerk where the property is located. Make sure that you bring any required fees as well. Create a free Colorado Quit Claim Deed in minutes with our professional document builder.
Laws. Signing (§ 38-35-103) ? The quitclaim deed in Colorado must be acknowledged in front of a notary public.
First, it is extremely important that all legal instruments affecting title to real property are signed and acknowledged in front of a notary.
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.
Here are eight steps on how to transfer property title to an LLC: Contact Your Lender.Form an LLC.Obtain a Tax ID Number and Open an LLC Bank Account.Obtain a Form for a Deed.Fill out the Warranty or Quitclaim Deed Form.Sign the Deed to Transfer Property to the LLC.Record the Deed.Change Your Lease.
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.
Which of the following is not required for a deed to be valid? Signature of the grantee.
In which of the following situations could a quitclaim deed NOT be used? c. The answer is to warrant that a title is valid.