Illinois Quit Claim Deed Template
This type of deed is called a quitclaim deed no space between quit and claim in some states but the illinois statutes use.
Illinois quit claim deed template. The best of the templates is the free illinois quitclaim deed which guides you on all the sections and the details you need to provide. That the deed must carry the legal name and mailing address of the grantor. Step 11 next you must file the illinois quit claim deed with the illinois county recorder of deeds where the property is physically located. The statutory requirements of the quitclaim deed form are outlined in section 765 ilcs 510.
How an illinois quitclaim deed form works. Printable and fillable quit claim deed template illinois. It would be considered wise to contact the illinois county recorder of deeds where the property is located for a smoother submission process. A quitclaim deed is just one of several ways to transfer ownership of real property like a house or land and its usually the quickest.
This printable quitclaim deed template form also referred to as a quick claim deed or quit claim deed is a document commonly used for transferring title right or claim from one person to another. Other names for illinois quit claim deeds. The proper form in this case is a trustees deed. In illinois a quitclaim must be written in a specific way to be valid.
An illinois quit claim deed form is a special type of deed used to transfer illinois real estate when the transferor does not wish to provide the transferee with a warranty of title. A quit claim deed transfers the ownership or rights of property from a seller or grantor to a buyer or granteethis type of deed only transfers the rights of the real property from the current owner if the grantor is the owner and makes no guarantees about the title in regards to past owners. Illinois quit claim deed laws 765 ilcs 510. It should be noted that each county will have its own rules.
Transfer tax declaration in the state of illinois a transfer tax must be paid either before the quit claim deed is filed or at the time of its filing form ptax 203. An illinois deed transferring property out of a trust. They state the following. While individuals can use quitclaim deeds a trustee attempting to transfer real property out of a trust to an individual cannot use a quitclaim deed in illinois.