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Seattle Washington Quitclaim Deed from Individual to LLC

Category:
Real Estate - Deeds - Quitclaims
State:
Washington
City:
Seattle
Control #:
WA-07-77
Format:
Word; 
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Description

This Quitclaim Deed from Individual to LLC form is a Quitclaim Deed where the grantor is an individual 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.

A Seattle Washington Quitclaim Deed from Individual to LLC is a legal document used to transfer real estate ownership rights from an individual to a limited liability company (LLC) in Seattle, Washington. This type of deed is commonly used when an individual wishes to transfer their interest in a property to an LLC they own or are a part of. The process starts with the individual (referred to as the granter) preparing the Seattle Washington Quitclaim Deed. The deed includes relevant information such as the names and addresses of both the granter and the LLC (referred to as the grantee), a detailed legal description of the property being transferred, and the signatures of both parties. The use of a quitclaim deed signifies that the granter is transferring their interest in the property "as is" with no warranties or guarantees about the title. It essentially releases any claims the granter may have on the property, making it suitable for transferring ownership within an LLC. There are different types of Seattle Washington Quitclaim Deed from Individual to LLC, depending on the specific situation. Some common variations include: 1. Individual Granter to Single-Member LLC: This type of quitclaim deed is used when a single individual transfers property ownership to an LLC that they solely own. The individual is recognized as the granter, and the LLC is identified as the grantee. 2. Individual Granter to Multi-Member LLC: This variation occurs when an individual transfers property ownership to an LLC with multiple members. The individual remains the granter, while the LLC, along with its members, is classified as the grantee. 3. Individual Granter with Partial Interest to LLC: In this scenario, an individual transfers only a portion of their property interest to an LLC. This type of quitclaim deed allows for the division of ownership between the individual and the LLC as co-owners of the property. It is important to consult with a real estate attorney or legal professional experienced in Seattle, Washington real estate laws when drafting and executing a Seattle Washington Quitclaim Deed from Individual to LLC. This ensures that the specific requirements and regulations of Seattle are met, safeguarding the interests of both the granter and the grantee.

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FAQ

Washington Quit Claim Deed Form ? Summary The Washington quit claim 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.

Quitclaim deeds can be recorded in Pierce County, Washington, by scanning the completed document and using the county's eRecording feature. Grantees can also walk into the Auditor's Office with the appropriate fees and record it over the counter, or they can mail the deed with a check for the fee.

Because property ownership records are based on legal documents, changes to the name of the property owner may only be made based on legal documents of record. To request an update to the property owner name, submit a written request from the owner along with a copy of the relevant legal document.

A quitclaim deed3 simply transfers ownership of the real estate to another party and ends (?quits?) the grantor's right to claim interest in the property. This type of deed makes no guarantees as to the status of the property title and, therefore, is not commonly used in traditional real estate purchase transactions.

After you have completed the forms, signed them, had them notarized, the documents must be taken/sent to the County Recorder/Assessor in which the property is located. At the time of writing of these instructions the fee to file a Quitclaim Deed in most counties is between $200 and $350.

A Washington deed is used to transfer the ownership of property from a grantor, or ?seller,? to a grantee, or ?buyer,? in the State of Washington. This form is usually completed after a purchase and sale agreement has been authorized and a deed transfers the actual property.

In Washington, real property must be transferred by deed. RCW 64.04. 010. The basic requirements for a Washington deed are that it must (1) be in writing, (2) be signed by grantor, (3) be acknowledged (i.e., notarized), and (4) contain a complete legal description of the property.

In Washington, the requirements for a Quitclaim deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.

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Need quit claim deed pdf form for Washington state? This question comes up for investors who own only a few residential investment properties.The person you name in the TOD deed to inherit the property has no legal right to it until your death. After the grantor prepares and signs a deed, the grantee must take the deed to the recorder in the county where the property is situated. The Warranty Deed or Quitclaim Deed form must be filled out. To transfer your property to your LLC you must sign the deed. Taxation. How do I file a quitclaim deed? After the grantor prepares and signs a deed, the grantee must take the deed to the recorder in the county where the property is situated. Many states impose a tax on property transfers at the time the deed is submitted for recording.

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