This Quitclaim Deed from Corporation to Two Individuals form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are two individuals. 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 state statutory laws.
A Phoenix, Arizona Quitclaim Deed from Corporation to Two Individuals refers to a legal document that transfers the ownership rights of a property from a corporation to two individuals without any warranties or guarantees. It is typically used when the corporation wants to release any claim or interest in the property and transfers it solely to the two individuals. This type of quitclaim deed is commonly employed in real estate transactions in Phoenix, Arizona. The document outlines the names of the corporation as the granter and the two individuals as the grantees. It includes a detailed legal description of the property, such as its boundaries, lot numbers, and any other relevant details. The Phoenix Arizona Quitclaim Deed from Corporation to Two Individuals relinquishes any rights, interest, and claims the corporation may have had on the property. It is essential to note that this type of deed does not provide any guarantees or warranties regarding the property's title. There are different variations of quitclaim deeds that may be used in Phoenix, Arizona. Some of these include: 1. Simple Quitclaim Deed: This is the basic form of quitclaim deed, transferring the corporation's interests to the two individuals without any additional conditions or terms. 2. Enhanced Life Estate Quitclaim Deed: Also known as a "Lady Bird Deed," this variation enables the granter to retain a life estate in the property while transferring the remainder interests to the grantees. This allows the corporation to retain certain benefits, such as the right to live in or use the property until their death, and then automatically passing the full ownership to the two individuals without going through probate. 3. Joint Tenancy Quitclaim Deed: This type of deed can be used when the two individuals wish to hold the property as joint tenants with rights of survivorship. In this case, if one individual passes away, their share automatically transfers to the surviving individual. It's important to consult with a legal professional or real estate attorney when preparing or executing a Phoenix, Arizona Quitclaim Deed from Corporation to Two Individuals to ensure its accuracy, compliance with local laws, and to address any specific circumstances or concerns that may arise during the process.
