Miami-Dade Florida Quitclaim Deed - Limited Liability Company to Three Individuals

State:
Florida
County:
Miami-Dade
Control #:
FL-036-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed where the grantor is a limited liability company and the grantees are three individuals. Grantors convey and quitclaim the described property to grantee. The grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.

A Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals is a legal document that transfers the ownership interest of a property from a limited liability company (LLC) to three specific individuals, known as grantees. This type of deed is commonly used in real estate transactions within the Miami-Dade County, Florida jurisdiction. Key elements of this deed include the identification of the LLC as the granter (the party transferring the property) and the three individuals as the grantees (the parties receiving the property). The deed should also specify the legal description of the property in detail, including the street address, this ensures accuracy and clarity. It is worth mentioning that different types of Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals may arise depending on various factors, such as the nature of the property or the intentions behind the transfer. Here are a few examples: 1. Residential Property Quitclaim Deed: This type of Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals specifically pertains to the transfer of ownership of residential properties, such as single-family homes, condos, or townhouses. These deeds may vary slightly depending on the specifics of the property involved. 2. Commercial Property Quitclaim Deed: Commercial properties, such as office buildings, retail spaces, or industrial facilities, require a specialized Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals for their transfer. The legal language and clauses within this deed may differ to cater to the unique aspects of commercial real estate transactions. 3. Investment or Rental Property Quitclaim Deed: When an LLC decides to transfer ownership of an investment property or a rental property to three individuals, a dedicated Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals will be utilized. This deed will likely include provisions related to rental agreements, leases, or any ongoing tenant obligations. Whether it is a residential, commercial, or investment property, the Miami-Dade Florida Quitclaim Deed — Limited Liability Company to Three Individuals serves as a legally binding instrument to facilitate the transfer of ownership. It is crucial for all parties involved to seek professional legal advice to ensure compliance with local laws and regulations.

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How to fill out Miami-Dade Florida Quitclaim Deed - Limited Liability Company To Three Individuals?

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FAQ

A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.

Proper Execution of the Document Florida law requires that the grantor must sign the deed in the presence of two witnesses and a notary public. The witnesses must also sign in the presence of the notary.

A seller can allow a buyer's attorney to prepare the deed or the seller can retain a Daytona real estate attorney to represent the seller during the real estate closing process. All deeds executed in Florida must be signed in the presence of a notary public and two witnesses.

Florida law requires that the grantor must sign the deed in the presence of two witnesses and a notary public. The witnesses must also sign in the presence of the notary.

A quit claim deed transfers the legal ownership of the property from one party to another, and doesn't require attorneys or legal help, unless you choose to consult an attorney.

Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.

70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is based on the sale, consideration or transfer amount and is usually paid to the Clerk of Court when the document is recorded.

How does a quit claim deed work in Florida? A quitclaim deed in Florida transfers whatever title the grantor has in real property to a grantee. The grantor provides no warranty that they are conveying clear and marketable title to the property.

In fact, taxes may be due on a quit claim deed even when the property is transferred between spouses. With such transfers, if the property is mortgaged, then tax is generally due on half of the outstanding balance.

Contact Your Lender. Form an LLC. Obtain a Tax ID Number and Open an LLC Bank Account. Obtain a Form for a Deed. Fill out the Warranty or Quitclaim Deed Form. Sign the Deed to Transfer Property to the LLC. Record the Deed. Change Your Lease.

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More info

It is a relatively simple process. Quit Claim Deed Form - Miami-dade County.Fill in the blank form formatted to comply with all recording and content requirements. You may complete the Assessment Review Form or visit either of the offices of the Property Appraiser. Adding a name to a deed in Florida involves potential pitfalls that any property owner should consider prior to simply filing a Quit Claim Deed. Should only be property located within Miami-Dade County. The revocable living trust is best combined with an interest in a Limited Liability Company ("LLC"). When a taxable document is not recorded, the tax must be paid directly to the Florida Department of Revenue. Reference: Chapter 201, Florida Statutes. LLC, a Florida limited liability company (the "Seller"), and CITY OF DORAL.

It is possible to change the name in the LLC or LLC memberships, but it requires a complete corporate transfer. The original ‮LFLC‭ LLC name can be used for the LLC or memberships or the name of the LLC and the name of the individual can be used for the LLC or memberships. You can add a business name for any state or county in which the taxable property is located with the Secretary of State. A change of name to comply with the Property Appraiser will make your property taxable. There are three types of Quit Claim Deeds from the county treasurer as shown on the next pages. Property Appraiser Records — These records are available to be accessed through the Public Records tab inside the county's website. The Property Appraiser Records are available through the property assessment bureau, the County Recorder, the county solicitor, and in the county recorder's office. Litigation Files — These records are available from the State Courthouse in Miami-Dade County.

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Miami-Dade Florida Quitclaim Deed - Limited Liability Company to Three Individuals