Quit Claim Deed Broward County Florida

State:
Florida
County:
Broward
Control #:
FL-011-77
Format:
Word; 
Rich Text
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Description

This Quitclaim Deed from Corporation to Individual form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.


A Broward Florida quitclaim deed from corporation to individual is a legal document that facilitates the transfer of property ownership from a corporation to an individual in Broward County, Florida. The purpose of this deed is to legally release any interest or claim that the corporation may have on the property to the individual. Such a deed is commonly used in various situations, such as when a corporation wishes to transfer property to one of its shareholders, an executive, or a third party. The Broward Florida quitclaim deed serves as proof of the transfer of ownership and outlines the specifics of the property being conveyed. It includes details like the legal description of the property, identification of the corporation, identification of the individual receiving the property, and any considerations exchanged as part of the transfer. Additionally, this deed ensures that the corporation makes no warranties regarding the property's title, and any potential liens, claims, or encumbrances are not guaranteed. There are several types of Broward Florida Quitclaim Deeds from Corporation to Individual, each catering to specific scenarios: 1. Broward Florida Corporation to Shareholder Quitclaim Deed: This type of quitclaim deed is used when a corporation transfers property to one of its shareholders, either as part of share distribution, compensation, or any other purpose agreed upon by the corporation. 2. Broward Florida Corporation to Executive Quitclaim Deed: This type of quitclaim deed is utilized when a corporation wishes to transfer property ownership to an executive within the organization. This could include scenarios such as granting a property as part of a compensation package or other business-related reasons. 3. Broward Florida Corporation to Third Party Quitclaim Deed: This quitclaim deed is employed when a corporation transfers property ownership to an individual who is not a shareholder or executive. It could involve situations like selling surplus corporate assets or transferring property to a contractor, business partner, or any other third party. In conclusion, a Broward Florida quitclaim deed from corporation to individual is a crucial legal document facilitating the transfer of property ownership and releasing the corporation's interest in the property. The different types of quitclaim deeds cater to various scenarios involving shareholders, executives, or third parties. It is always advisable to consult with a qualified attorney or real estate professional to ensure the accurate drafting and execution of such deeds in compliance with Florida law.

A Broward Florida quitclaim deed from corporation to individual is a legal document that facilitates the transfer of property ownership from a corporation to an individual in Broward County, Florida. The purpose of this deed is to legally release any interest or claim that the corporation may have on the property to the individual. Such a deed is commonly used in various situations, such as when a corporation wishes to transfer property to one of its shareholders, an executive, or a third party. The Broward Florida quitclaim deed serves as proof of the transfer of ownership and outlines the specifics of the property being conveyed. It includes details like the legal description of the property, identification of the corporation, identification of the individual receiving the property, and any considerations exchanged as part of the transfer. Additionally, this deed ensures that the corporation makes no warranties regarding the property's title, and any potential liens, claims, or encumbrances are not guaranteed. There are several types of Broward Florida Quitclaim Deeds from Corporation to Individual, each catering to specific scenarios: 1. Broward Florida Corporation to Shareholder Quitclaim Deed: This type of quitclaim deed is used when a corporation transfers property to one of its shareholders, either as part of share distribution, compensation, or any other purpose agreed upon by the corporation. 2. Broward Florida Corporation to Executive Quitclaim Deed: This type of quitclaim deed is utilized when a corporation wishes to transfer property ownership to an executive within the organization. This could include scenarios such as granting a property as part of a compensation package or other business-related reasons. 3. Broward Florida Corporation to Third Party Quitclaim Deed: This quitclaim deed is employed when a corporation transfers property ownership to an individual who is not a shareholder or executive. It could involve situations like selling surplus corporate assets or transferring property to a contractor, business partner, or any other third party. In conclusion, a Broward Florida quitclaim deed from corporation to individual is a crucial legal document facilitating the transfer of property ownership and releasing the corporation's interest in the property. The different types of quitclaim deeds cater to various scenarios involving shareholders, executives, or third parties. It is always advisable to consult with a qualified attorney or real estate professional to ensure the accurate drafting and execution of such deeds in compliance with Florida law.

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FAQ

Filing With the Clerk A quit claim deed should be filed with the Clerk of Court in the county where the property is located. This will involve taking the deed to the Clerk's office and paying the required filing fee (typically about $10.00 for a one-page quit claim deed).

How does a quit claim deed work in Florida? A quitclaim deed in Florida transfers whatever title the grantor has in real property to a grantee. The grantor provides no warranty that they are conveying clear and marketable title to the property.

A quit claim deed should be filed with the Clerk of Court in the county where the property is located. This will involve taking the deed to the Clerk's office and paying the required filing fee (typically about $10.00 for a one-page quit claim deed).

In fact, taxes may be due on a quit claim deed even when the property is transferred between spouses. With such transfers, if the property is mortgaged, then tax is generally due on half of the outstanding balance.

Florida Quitclaim Deeds Should be Properly Filed To ensure the transfer of a quitclaim deed, the original document should be recorded with the county recorder for the county where the relevant property is located. Until the deed is recorded, it is not valid against third-party interests.

A person filing a deed for transfer of Florida real estate ownership must do so through the county comptroller's office where the property is located. There is a small fee for filing and a document stamp tax, which is an excise tax on legal documents delivered, executed or recorded in the state.

70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is based on the sale, consideration or transfer amount and is usually paid to the Clerk of Court when the document is recorded.

A quit claim deed should be filed with the Clerk of Court in the county where the property is located. This will involve taking the deed to the Clerk's office and paying the required filing fee (typically about $10.00 for a one-page quit claim deed).

All deeds executed in Florida must be signed in the presence of a notary public and two witnesses. Because there are several different types of deeds used to convey real estate, it is important to work with a Daytona real estate attorney.

A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.

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HOMESTEAD EXEMPTION - Can I rent out my homestead and keep the exemption on it? This simple document states the transfer of the property, without any promise that the title is clear.Are you having an issue with a quitclaim deed in the chain of title? Either party can be an individual, corporation, or trust. Pursuant to Florida Statute 65. When a taxable document is not recorded, the tax must be paid directly to the Florida Department of Revenue. Reference: Chapter 201, Florida Statutes. Corporation recorded June 20, 1994 in O.R. Book 22282, Page 984, Public Records of. Broward County, Florida. Either party can be an individual, corporation, or trust.

Pursuant to Florida Statute 65. When a taxable document is not recorded, the tax must be paid directly to the Florida Department of Revenue. Reference: Chapter 201, Florida Statutes. Corporation registered with the Florida Department of Revenue on February 3, 1996. The owner can be either an individual, corporation, or trust. The owner can be either an individual, corporation, or trust. VARIOUS NOTICES — Other notices, notices concerning transfers of property not recorded, and other records that pertain to the tax and are exempt or transferable from the taxes are included in this section. Reference: Chapter 617, Florida Statutes, and Chapter 618, Florida Statutes. STATE RESIDENT — If I move, do the taxes increase or decrease? Florida's income tax is paid by your employer. There is no state income tax paid by residents of the State of Florida. This is an interesting side note.

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Quit Claim Deed Broward County Florida