All you needed to know about the quit claim deed
Transactions related to the real estate industry must be backed up by proper deeds and forms that help to maintain a clear record of the transference of the property. One of the types of deeds that are used in real estate transactions is of course the quitclaim deed or the quit claim deed. The quit claim deed works as a legal tool that can acknowledge the transfer of ownership or interests for a real estate property from one individual party to another. In a transaction like this, the person who is transferring the interests on a property to another person is the grantor. The individual on the receiving end of this arrangement is the grantee. Whether you are the grantor or the grantee, it is vital that you arrange for the quitclaim deed form that can help you to keep a record of this transaction.
The essential benefits of using the quit claim deed form
There are many benefits of using the quit claim deed form. One of the main reasons for using the quit claim deed is that it is very easy to draw and arrange and can be set up in a short notice. Basically these forms operate as documents that can be filled up and signed by the grantor and grantee in front of a notary. There is no need for a realtor or an attorney to be present while arranging for the quit claim deed form. The only thing that is needed with this document is the names of the buyer and the seller of the property along with the legal and formal description of the said property. Once the main details are filled out, it can be signed in the presence of a notary. This is why the quit claim deed is the ideal choice for most people when they are looking to transfer the ownership of the property to another person in a very short period of time.
Limitations of the quit claim deed form
Even though the quit claim deed form can be used to shift the ownership of a property to a new person very briskly, it does not provide any warranty of the title. In other words, the grantor does not provide with any kind of warranty of the property’s ownership except simply transferring the rights or interests of the property. If there is any kind of issue that crops up regarding the title or the property, then the grantee is in for some problem. It is due to this reason that the quit claim deed is mainly reserved for family members or for people who know each other for a long time and therefore trust each other completely.
Finding the quit claim deed form online
In order to arrange for the quit claim deed form for your property transaction, it is important that you visit an online website that offers different types of legal forms for free. Getting a quit claim deed form in Florida is very easy these days, especially with so many websites offering them. All you need to do is get the form printed or copied and you are good to go. The form draft is in accordance with the legal regulations that are applicable in Florida. This means that you can present this form in the court of law to settle any dispute.