A Quitclaim Deed is a legal document used in North Carolina to transfer ownership of real estate from one party to another without any warranties or guarantees about the title. This form is often used in situations like transferring property between family members or clearing up title issues. Understanding how to properly complete and file this deed is essential for ensuring a smooth property transfer process.
In North Carolina, the Quitclaim Deed serves as a vital tool for property transfers, allowing individuals to convey their interest in real estate without making any guarantees about the title's validity. This form is particularly useful in situations such as divorce settlements, inheritance transfers, or when one party wishes to relinquish their claim to a property. The Quitclaim Deed is straightforward, requiring essential information such as the names of the grantor and grantee, a legal description of the property, and the date of the transfer. Unlike other types of deeds, it does not provide warranties or assurances regarding the property's title, which means the grantee accepts the property "as is." This lack of warranty can expedite the transfer process, but it also places the onus on the grantee to conduct due diligence before accepting the property. Understanding the implications of using a Quitclaim Deed is crucial for both parties involved, as it can significantly impact future ownership rights and responsibilities.
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North Carolina Quitclaim Deed Template
This Quitclaim Deed is made effective as of the ___ day of __________, 20___, by and between:
Grantor: _____________________________
residing at _____________________________,
and
Grantee: _____________________________
residing at _____________________________.
For and in consideration of the sum of _____________________________ dollars ($________), the receipt of which is hereby acknowledged, the Grantor does hereby convey and quitclaim to the Grantee, and to the Grantee’s heirs, successors, and assigns forever, the following described real estate located in North Carolina:
Property Description:
_____________________________________________________
And for the purpose of providing clear title, this deed is made subject to:
This Quitclaim Deed is executed and delivered by the Grantor without any warranty of title, expressed or implied. The Grantee accepts the property in its present condition.
IN WITNESS WHEREOF, the Grantor has executed this Quitclaim Deed on the date first above written.
Grantor Signature: ______________________________
Printed Name: ______________________________
State of North Carolina
County of ___________________________
Signed and acknowledged before me this ___ day of __________, 20___.
Notary Public: ______________________________
My Commission Expires: ______________________________