This form is a Quitclaim Deed where the Grantor is an individual and the Grantees are four individuals. Grantor conveys and quitclaims the described property to Grantees. This deed complies with all state statutory laws.
A Lee's Summit Missouri Quitclaim Deed from an Individual to Four Individuals is a legal document used to transfer property ownership rights from one individual (the granter) to four other individuals (the grantees). This type of deed is commonly employed when the granter wishes to give up any claim or interest they may have in a property to the grantees, without making any warranties or guarantees regarding the property's title. In Lee's Summit, Missouri, there are a few variants of the Quitclaim Deed from an Individual to Four Individuals that may be used, depending on the specific circumstances: 1. Lee's Summit Missouri Quitclaim Deed with Survivorship Rights: This variation of the deed includes a survivorship clause, which means that if one of the four individuals passes away, their ownership rights automatically transfer to the surviving grantees in equal shares. 2. Lee's Summit Missouri Quitclaim Deed without Survivorship Rights: In contrast to the first type, this deed does not include a survivorship clause. If any of the four individuals were to die, their interest in the property would pass according to their will or the laws of intestate succession. 3. Lee's Summit Missouri Joint Tenancy Quitclaim Deed: This type of deed is commonly used when the four individuals wish to hold the property as joint tenants. Joint tenancy means that each individual has an equal and undivided interest in the property, with the right of survivorship. If one of the grantees passes away, their share automatically transfers to the remaining joint tenants. 4. Lee's Summit Missouri Tenants in Common Quitclaim Deed: This version is often used when the four individuals want to own the property as tenants in common. Unlike joint tenancy, tenants in common can have unequal shares of ownership, and if any of them passes away, their share is passed according to their will or the laws of intestate succession. It is important to note that a Quitclaim Deed does not provide any guarantee that the property being transferred is free of liens, encumbrances, or other claims. The deed merely transfers whatever interest the granter has in the property to the grantees. To ensure a clear title, it is advisable for both parties involved to seek legal advice and perform a thorough title search before executing the Quitclaim Deed.A Lee's Summit Missouri Quitclaim Deed from an Individual to Four Individuals is a legal document used to transfer property ownership rights from one individual (the granter) to four other individuals (the grantees). This type of deed is commonly employed when the granter wishes to give up any claim or interest they may have in a property to the grantees, without making any warranties or guarantees regarding the property's title. In Lee's Summit, Missouri, there are a few variants of the Quitclaim Deed from an Individual to Four Individuals that may be used, depending on the specific circumstances: 1. Lee's Summit Missouri Quitclaim Deed with Survivorship Rights: This variation of the deed includes a survivorship clause, which means that if one of the four individuals passes away, their ownership rights automatically transfer to the surviving grantees in equal shares. 2. Lee's Summit Missouri Quitclaim Deed without Survivorship Rights: In contrast to the first type, this deed does not include a survivorship clause. If any of the four individuals were to die, their interest in the property would pass according to their will or the laws of intestate succession. 3. Lee's Summit Missouri Joint Tenancy Quitclaim Deed: This type of deed is commonly used when the four individuals wish to hold the property as joint tenants. Joint tenancy means that each individual has an equal and undivided interest in the property, with the right of survivorship. If one of the grantees passes away, their share automatically transfers to the remaining joint tenants. 4. Lee's Summit Missouri Tenants in Common Quitclaim Deed: This version is often used when the four individuals want to own the property as tenants in common. Unlike joint tenancy, tenants in common can have unequal shares of ownership, and if any of them passes away, their share is passed according to their will or the laws of intestate succession. It is important to note that a Quitclaim Deed does not provide any guarantee that the property being transferred is free of liens, encumbrances, or other claims. The deed merely transfers whatever interest the granter has in the property to the grantees. To ensure a clear title, it is advisable for both parties involved to seek legal advice and perform a thorough title search before executing the Quitclaim Deed.
