This form is a Quitclaim Deed where the grantor is an individual and the grantees are two individuals. Grantor conveys and quitclaims the described property to grantees. The grantees take the property as tenants in common, as joint tenants with the right of survivorship, or, if married, as tenants by the entireties. This deed complies with all state laws.
In Lakeland, Florida, a quitclaim deed is a legal document used to transfer ownership of a property from one individual to two individuals. This type of deed is often used in situations where the property is jointly owned or where a person wishes to add another individual as a co-owner. The quitclaim deed essentially acts as a release of any ownership interest that the granter (the individual transferring the property) may have in the property. It transfers any rights, title, and interest the granter has in the property to the grantees (the individuals receiving the property), without making any warranties or guarantees regarding the property's title. There are different types of quitclaim deed transactions that involve one individual transferring ownership to two individuals. These include: 1. Joint owners: In this scenario, one individual is transferring ownership to two individuals who will become joint owners of the property. The quitclaim deed essentially confirms the granter's intention to give up any claim to the property and transfer their ownership interest to the two grantees. 2. Adding a co-owner: This type of quitclaim deed is used when one individual already owns the property and wishes to add another individual as a co-owner. The quitclaim deed will clearly state the current owner's intent to transfer a portion of their ownership interest to the new co-owner. 3. Divorce settlements: In cases of divorce, a quitclaim deed may be used to transfer ownership from one spouse to both spouses, particularly when the property was jointly owned during the marriage. This type of quitclaim deed ensures the smooth transfer of ownership rights and helps to resolve property division issues during the divorce process. 4. Estate planning: Quitclaim deeds can also be utilized for estate planning purposes. For instance, parents may use a quitclaim deed to transfer their real estate to two or more of their adult children, ensuring joint ownership and seamless transfer of property ownership upon the parents' passing. It is important to consult with a qualified attorney or real estate professional when executing a quitclaim deed to ensure that the process is done correctly, all necessary legal requirements are met, and the rights of all parties involved are protected.
