Contra Costa California Quitclaim Deed from Corporation to LLC

State:
California
County:
Contra Costa
Control #:
CA-012-77
Format:
Word; 
Rich Text
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.

Contra Costa California Quitclaim Deed from Corporation to LLC is a legal document used to transfer real estate ownership from a corporation to a limited liability company (LLC) in Contra Costa County, California. This type of transfer is commonly used when a corporation decides to convert its real estate assets into an LLC for various strategic, financial, or tax purposes. A Contra Costa California Quitclaim Deed from Corporation to LLC involves the transfer of all rights, title, and interest in the property, including any liens or encumbrances related to the property, from the corporation to the LLC. This process allows the LLC to assume responsibility for the property, its management, and any associated liabilities. In Contra Costa County, there might not be different types of Quitclaim Deeds specific to this transfer. However, it is important to note that there could be variations in the procedure or requirements depending on the specific circumstances of the transfer, such as if there are multiple shareholders or members involved, or if the transfer involves a specific type of property, like commercial real estate or residential property. When executing a Contra Costa California Quitclaim Deed from Corporation to LLC, it is crucial to follow the guidelines and requirements outlined by the Contra Costa County Recorder's Office. These requirements typically include filling out the appropriate deed form, providing a legal description of the property, obtaining the signatures and notarization of authorized representatives from both the corporation and the LLC, and paying the necessary filing fees. This transfer must comply with relevant California state laws, including the California Corporations Code and the California Uniform Commercial Code. Additionally, it is advisable to consult with legal professionals, such as real estate attorneys or corporate law specialists, to ensure the deed is properly prepared, executed, and recorded. In summary, a Contra Costa California Quitclaim Deed from Corporation to LLC is a legal document used to transfer real estate ownership from a corporation to an LLC in Contra Costa County. This process involves the transfer of all rights, title, and interest in the property and should comply with county-specific procedures and California state laws. It is recommended to seek legal advice to navigate the complexities of this transfer successfully.

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FAQ

Once you have filled out a California quitclaim deed, you will need to get it notarized. Next, you will need to need to visit your appropriate local government office to file some paperwork. Depending on your county of sale, that may be a Recorder's office, a County Clerk's Office, or an Assessor's office.

The fee will vary depending on the county, but generally ranges from $1 to $12 for the first page and $1-3 for each additional page. In Sacramento County, you can get a copy for $1 a page. In San Bernardino County, you can expect to pay $12 for the first page and $1 for any additional pages.

A deed is evidence of a specific event of transferring the title of the property from one person to another. A title is the legal right to use and modify the property how you see fit, or transfer interest or any portion that you own to others via a deed. A deed represents the right of the owner to claim the property.

The California quitclaim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

Recording Fee for Quitclaim DeedType of FeeFeeBase Fee G.C. § 27361(a) G.C. § 27361.4(a) G.C. § 27361.4(b) G.C. § 27361.4(c) G.C. § 27361(d)(1) G.C. § 27397 (c) Subsection 1$15.004 more rows

Whether you're transferring property to someone or receiving the property, using the right type of deed in California is essential. by Ronna L. DeLoe, Esq. If you have real estate in California that you want to convey or transfer to someone, you can use either a quitclaim deed or a warranty deed.

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The document is recorded in the County office where the property is located. Typically profit and loss also passes through an LLC and gets reported on the personal income tax returns of the corporate owners.Acrobat Reader is required to view PDF documents. Download Acrobat Reader. Do you want to form a new Limited Liability Company? Would you rather operate your business as a corporation? The selected staff report will open in a new tab in your internet browser. Tree Way in the City of Antioch, Contra Costa County, California (Figures 1 and 2). Search autocomplete is currently not responding.

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Contra Costa California Quitclaim Deed from Corporation to LLC