This Quitclaim Deed from Corporation to Husband and Wife form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and quitclaims the described property to Grantees 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 applicable state statutory laws.
A Chandler Arizona Quitclaim Deed from Corporation to Husband and Wife refers to a legal document that transfers the ownership of real estate from a corporation to a married couple. Unlike a warranty deed, a quitclaim deed does not provide any guarantees about the property's title, but simply relinquishes the corporation's rights and interest in the property to the husband and wife. In Chandler, Arizona, there are two major types of Quitclaim Deeds that corporations commonly used to transfer property to a married couple: Individual Quitclaim Deed and Joint Tenancy Quitclaim Deed. 1. Individual Quitclaim Deed: This type of deed is applicable when the husband and wife want to own the property as individuals with distinct shares. In this case, the corporation transfers its ownership interest to each spouse separately. Each spouse becomes a sole owner of their portion of the property, allowing them to manage, sell, or transfer their share independently. 2. Joint Tenancy Quitclaim Deed: If the husband and wife wish to hold the property as joint tenants with rights of survivorship, they can opt for this type of quitclaim deed. Through this deed, the corporation conveys the property to the couple jointly, ensuring that upon the death of one spouse, their share automatically passes to the surviving spouse. This form of ownership also helps in avoiding probate. Overall, a Chandler Arizona Quitclaim Deed from Corporation to Husband and Wife is a legal instrument that facilitates the transfer of property ownership from a corporation to a married couple. It is essential to consult with an attorney or a qualified real estate professional to ensure that the deed is properly drafted, executed, and recorded to protect the interests of the parties involved. Keywords: Chandler Arizona, Quitclaim Deed, Corporation, Husband and Wife, Individual Quitclaim Deed, Joint Tenancy Quitclaim Deed, real estate, property ownership, legal document, warranty deed, title, ownership interest, sole owner, joint tenants, rights of survivorship, probate, attorney, real estate professional.
