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Tennessee Quitclaim Deed - Three Grantors to Two Grantees

Concurrent Estates

Name: Tennessee Quitclaim Deed - Three Grantors to Two Grantees
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (228 reviews)

Category:

Tennessee Real Estate - Deeds - Quitclaims

State:

Tennessee

Control #:

TN-028-77

Format:

Instant download

Description Quit Claim Deed Multiple Grantees

This form is a Quitclaim Deed where the Grantors are three individuals and the Grantees are two individuals. Grantors convey and quitclaim the described property to Grantees. Grantees take the property as tenants in common, joint tenants with the right of survivorship or tenants by the entireties This deed complies with all state statutory laws.

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How to fill out Tennessee Quitclaim Deed - Three Grantors To Two Grantees?

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FAQ

To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

First, so long as you own the property you purchased, you are obligated to pay its property taxes. One way to get a warranty deed to the property you acquired via a foreclosure where you got a quit claim deed for it is to simply deed the property to yourself or a trust that you created as a grant (warranty) deed.

Once a quit claim deed has been completed and filed with the County Clerk's Office, the title will officially pass from the grantor to the grantee. The only way to reverse a quit claim deed is to go to court and prove that the grantor was forced to sign the document under duress.

A Tennessee Quit Claim Deed may be filled out and filed with the Tennessee Register of Deeds of the same County the Property being transferred is in. Laws § 66-5-103(2) Recording (A§ 66-5-106) Submit the quit claim along with the filing fee to the Register's Office in your County.

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

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.

A quitclaim deed only transfers the grantor's interests in a piece of real estate.A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee. It offers the least amount of protection out of any other type of deed.

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.A quitclaim deed, for example, is far simpler than a warranty deed.

Concurrent Estates

Description Quit Claim Deed Multiple Grantees

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FAQ

How do I add my spouse to my deed in Tennessee?

What makes a quit claim deed invalid?

How do I convert a quit claim deed to a warranty deed?

Can a quit claim deed be reversed?

How do I file a quit claim deed in Tennessee?

Does a quitclaim deed give you ownership?

What are the disadvantages of a quit claim deed?

Which is better warranty deed or quitclaim?

Can I prepare my own quit claim deed?

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