New Hampshire Quitclaim Deed from Corporation to Two Individuals
About this form
The Quitclaim Deed from Corporation to Two Individuals is a legal document used to transfer property ownership from a corporation (the Grantor) to two individuals (the Grantees). This type of deed does not guarantee that the Grantor holds valid title to the property; instead, it conveys whatever interest the corporation may have in the property. This form is particularly useful when a corporation wishes to quickly divest its interest in a property without providing warranties about the title. It is different from a Warranty Deed, which offers more protections to the Grantees regarding the title's validity.
Key components of this form
- Identification of the Grantor (corporation) and the Grantees (two individuals).
- Description of the property being transferred.
- Statement of reservation of oil, gas, and minerals by the Grantor.
- Granting clause that conveys the property to Grantees.
- Details about joint tenancy and rights of survivorship for the Grantees.
- Signature lines for the authorized representative of the corporation and the Grantees.
Common use cases
This form is commonly used in situations where a corporation is transferring its property ownership to two individuals, such as when a business is dissolving, reorganizing, or when the property is no longer needed for corporate purposes. It is also appropriate when the Grantees are family members or partners who wish to hold the property together as joint tenants.
Who can use this document
- Corporations looking to transfer property ownership.
- Two individuals intending to acquire property from a corporation.
- Individuals or entities involved in a property transaction where title warranties are not necessary.
- Businesses undergoing legal restructuring or asset liquidation.
Steps to complete this form
- Identify the parties: enter the full legal names of the Grantor (corporation) and Grantees (individuals).
- Specify the property: include a detailed description of the property being transferred.
- Note any reservations: indicate any oil, gas, and mineral rights reserved by the Grantor.
- Complete the granting clause: affirm the transfer of the property to the Grantees and specify joint tenancy terms.
- Sign the document: ensure the authorized representative of the corporation and both Grantees sign the form.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, it is advisable to consult local requirements to ensure compliance when recording the deed.
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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.
Typical mistakes to avoid
- Failing to accurately describe the property, leading to confusion about what is being transferred.
- Not including vital reservation clauses for oil, gas, and mineral rights.
- Missing signatures from the authorized representative of the corporation or the Grantees.
- Not following local recording requirements, which may require additional documentation.
Benefits of using this form online
- Convenient access to legal forms at any time without needing to visit a physical location.
- Customizable fields allow for easy entry of information relevant to your specific transaction.
- Reliable templates drafted by licensed attorneys to ensure compliance with legal requirements.
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FAQ
Signing - According to New Hampshire Law (§ 477:3) the Grantor must sign the quit claim deed in the presence of a Notary Public. Recording - Once notarized, the quit claim deed must be filed with the County Recorder's Office in the city or county where the property is located.
Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
Signing - According to New Hampshire Law (§ 477:3) the Grantor must sign the quit claim deed in the presence of a Notary Public. Recording - Once notarized, the quit claim deed must be filed with the County Recorder's Office in the city or county where the property is located.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
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.
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.
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).