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North Carolina Quitclaim Deed from Corporation to LLC

Fayetteville North Carolina Quitclaim Deed from Corporation to LLC

Name: Fayetteville North Carolina Quitclaim Deed from Corporation to LLC
Brand: US Legal Forms
Rating: 4.71 (346 reviews)

Category:

North Carolina Real Estate - Deeds - Quitclaims

State:

North Carolina

City:

Fayetteville

Control #:

NC-012-77

Format:

Instant download

Description

This Quitclaim Deed from Corporation to LLC form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is a limited liability company. 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.

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FAQ

To be validly registered pursuant to G.S. 47-20, a deed of trust or mortgage of real property must be registered in the county where the land lies, or if the land is located in more than one county, then the deed of trust or mortgage must be registered in each county where any portion of the land lies in order to be

A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.

Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.

A quitclaim deed is what some people think is called a ?quick? claim deed ? but the correct terminology is quitclaim deed. In North Carolina, a quitclaim deed is a document that is signed by two parties with the purpose of transferring one party's interest in real estate to another party.

Signing - For a quitclaim deed to be accepted by the state of North Carolina, it must be signed by the seller of the property in the presence of a Notary Public (§ 47-38). Recording - After being notarized, this legal form should be filed with the Register of Deeds in the county where the property is located.

A quitclaim deed to LLC is actually a very simple process. You will need a deed form and a copy of the existing deed to make sure you identify titles properly and get the legal description of the property.

What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed.Get the appropriate deed form.Draft the deed.Sign the deed before a notary.Record the deed with the county recorder.Obtain the new original deed.

North Carolina's transfer tax rates are straightforward ? expect to pay $1 for every $500 of the sale price. For the state's average home value of $320,291, the transfer tax would amount to $640.58.

A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.

Signing (N.C.G.S.A. § 47-38) ? All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.

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The General Statutes of North Carolina govern the Register of Deeds. LawHelp Interactive is a website that helps you fill out legal documents for free.Accounts Receivable is a current asset in the Balance Sheet. Recording: NC quitclaim deeds must be recorded with the Register of Deeds in the county where the real estate is located. Where is the property located?

Fayetteville North Carolina Quitclaim Deed from Corporation to LLC

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FAQ

What makes a deed valid in NC?

Do you need a lawyer to transfer a deed in NC?

Can I prepare my own deed in NC?

What is a quick deed in NC?

How do I file a quit claim deed in NC?

Can I quit claim my property to a LLC?

How do I transfer a deed in NC?

How much does it cost to transfer a deed in NC?

What is the purpose of a quit claim deed?

Does a quitclaim deed need to be notarized in North Carolina?

Interesting Questions

What is a Fayetteville Quitclaim Deed?

Why would a corporation want to transfer property to an LLC using a Quitclaim Deed?

What does the term 'Quitclaim' mean?

Is a Fayetteville Quitclaim Deed the same as a Warranty Deed?

What are the benefits of using a Quitclaim Deed for transferring property?

Will using a Quitclaim Deed remove any existing liens or encumbrances on the property?

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Fayetteville North Carolina Quitclaim Deed from Corporation to LLC

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