This Quitclaim Deed is used where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and quitclaim the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This form complies with all state statutory laws.
Georgia Quitclaim Deed by Two Individuals to LLC
Category:
State:
Georgia
Control #:
GA-04-77
Format:
Word;
Rich Text
Instant download
Description Quitclaim Deed Georgia
Free preview Limited Liability Company
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Limited Liability Company Form Form popularity
Quitclaim Limited Liability Other Form Names
Quitclaim Deed Llc Form
Llc Liability Company
Llc Limited Company
Individuals Limited Liability
Limited Liability Company Agreement
Quitclaim Deed Limited
Two Individuals Form
Quitclaim Deed Llc FAQ
A quit claim deed in Georgia transfers the seller's (grantor) interest in a property over to a buyer (grantee). However, it gives none of the guarantees that might be found in another type of deeds.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
There is a $10.00 filing fee that is to be paid to the clerk when the Quit Claim Deed is filed (if the Deed is more than one page there will be an additional cost). The Grantor must also file a PT-61 Real Estate Transfer Tax Form along with the QuitClaim Deed.