Chicago Quitclaim

• Category: Illinois Real Estate - Deeds - Quitclaims
• State: Illinois
• City: Chicago
• Control #: IL-018-77
• Format: Word; Rich Text

Description

This form is a Quitclaim Deed where the grantors are husband and wife and the grantee is an individual. Grantors convey and quitclaim the described property to grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A Chicago Illinois Quitclaim Deed from Husband and Wife to an Individual is a legal document that transfers ownership rights of real property from a married couple to a specific person. It is important to note that a Quitclaim Deed only transfers the interest in the property that the couple may have at the time of the transfer, and does not guarantee ownership, clear title, or protect against any liens or claims that might exist on the property. There are two different types of Quitclaim Deeds that can be used in Chicago, Illinois in the context of transfer from a husband and wife to an individual: 1. Traditional Quitclaim Deed: This is the standard form used for transferring property ownership. It contains essential information such as the names of the husband and wife as granters (the ones transferring the property), the name of the individual as the grantee (the recipient of the property), legal property description, and the marital status of the granters. Additionally, the deed needs to be signed and notarized by both the husband and wife in order to be considered valid. 2. Joint Tenancy Quitclaim Deed: This type of Quitclaim Deed is used when the husband and wife jointly own the property and wish to transfer their interest to an individual. In this case, the deed will contain language indicating that the property is held in joint tenancy between the husband and wife. Joint tenancy rights include the right of survivorship, meaning that if one spouse passes away, their share automatically transfers to the other spouse. The relevant keywords for a Chicago Illinois Quitclaim Deed from Husband and Wife to an Individual include: Chicago Illinois, Quitclaim Deed, Husband and Wife, Individual, real property, ownership rights, transfer, interest, title, liens, claims, granter, grantee, legal property description, marital status, signed, notarized, joint tenancy, and right of survivorship.

A Chicago Illinois Quitclaim Deed from Husband and Wife to an Individual is a legal document that transfers ownership rights of real property from a married couple to a specific person. It is important to note that a Quitclaim Deed only transfers the interest in the property that the couple may have at the time of the transfer, and does not guarantee ownership, clear title, or protect against any liens or claims that might exist on the property. There are two different types of Quitclaim Deeds that can be used in Chicago, Illinois in the context of transfer from a husband and wife to an individual: 1. Traditional Quitclaim Deed: This is the standard form used for transferring property ownership. It contains essential information such as the names of the husband and wife as granters (the ones transferring the property), the name of the individual as the grantee (the recipient of the property), legal property description, and the marital status of the granters. Additionally, the deed needs to be signed and notarized by both the husband and wife in order to be considered valid. 2. Joint Tenancy Quitclaim Deed: This type of Quitclaim Deed is used when the husband and wife jointly own the property and wish to transfer their interest to an individual. In this case, the deed will contain language indicating that the property is held in joint tenancy between the husband and wife. Joint tenancy rights include the right of survivorship, meaning that if one spouse passes away, their share automatically transfers to the other spouse. The relevant keywords for a Chicago Illinois Quitclaim Deed from Husband and Wife to an Individual include: Chicago Illinois, Quitclaim Deed, Husband and Wife, Individual, real property, ownership rights, transfer, interest, title, liens, claims, granter, grantee, legal property description, marital status, signed, notarized, joint tenancy, and right of survivorship.