It can be tempting to save some money and get things done quickly with a free online template. There are many online options to find a free quitclaim deed template for transferring ownership of a property, but you should think twice about using a free template. Think Twice About Free Online Quitclaim Deed Templates Therefore, it is highly recommended that you consult with an attorney before filing with the County Recorder’s office to make sure your intentions have been accurately conveyed in the quitclaim deed. The process is legally binding and can have unintended consequences. The form is recorded with the County Recorder’s Office in the jurisdiction in which the property sits. Essentially, a quitclaim deed form is filled out, signed and notarized. The process is straightforward for using a quitclaim deed.
Quitclaim deeds are also common when property ownership is transferred to a living trust. Quitclaim deeds are most commonly used to transfer ownership of a property after a marriage or divorce, and when a property is owned by multiple people with one or more parties retaining ownership of the property. The same process can be used to add or remove a person or corporation from the deed to the property. Ownership of the property can be transferred to another person or even a corporate entity. Here is our guide to understanding quitclaim deeds, when they can be used, and what to consider before executing a quitclaim deed in Arizona.Ī quitclaim deed is used to legally transfer ownership of property, but need not be used in conjunction with an actual sale of that property. You should consult with an experienced real estate attorney before moving forward so that you understand all legal implications of the transfer. There are many options for generating a quitclaim deed, but you should proceed with caution before executing the transfer.
Quitclaim deeds can be used in a variety of situations to legally transfer property to a trust, co-owner, or different ownership structure. A quitclaim deed is one of the common options to transfer ownership of a property in Arizona.
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