Forms Legal the leading site in the US for various legal forms has made available the quitclaim deed form for Georgia. Users who want to use it to transfer the property rights customize and download the form.

With a quitclaim deed, also called a non-warranty deed or the quitclaim deed form, an individual can quit his interests, rights or claims on the real property. Most commonly it is used by the families of persons who trust each other. But it can be used to convey the rights to the other entities as well.

It is a legal instrument where there are two main parties to the transaction. ‘Grantor’ who transfer the interest in the real property and the ‘Grantee’ who receives the interest in the real property. It is the very efficiency of the document in the transfer of rights or rights. The document is also termed as ‘quick claim deed’ wrongly.

Why do the family members primarily use it? The primary reason behind the use of the deed in Georgia and other states is sometimes the grantor doesn’t own the property in which they are giving their interest. The grantor can be transferring an assumed or acquired interest. It may mean that the grantee gets nothing. It’s why the document is mainly used in the property transfer where there is no real purchase or sale of the property.

Before using the deed, it is crucial to understand the difference between the quitclaim and the warranty deed. The deed is also called the non-warranty deed because the grantor might not be the actual owner of the property. Thus, it is clear that the quitclaim deed will not offer any protection to the grantee. It is where it differs from the warranty deed. The latter provides a legal guarantee from the grantor that the issued title is clear; however, such a warranty is not offered by the quitclaim deed.

There are many issues where the quitclaim deed is beneficial. If there is a wrong entry in the records, there are undisclosed prior conveyances. Some of the common use of the quitclaim deed is in transferring property to the children, transfer property to a trust. If you want to gift a loved one interest in the property. The deed can also be useful in removing the clouds from the title. Separating couples can use the deed to remove their ex-spouse from the deed or add new ones. It can be used to transfer the heir’s property to the family members. But the deed will not transfer any existing debt like a mortgage. So, even if you transfer the property rights to your spouse, you will continue to be responsible for the debt and any other liens on the property.

Now let’s look at the requirements of the deed form. The heading or the title of the document must be ‘Quitclaim Deed’. It alerts the reviewer of the title about the purpose of the document. It should be present in writing, and the grantor must sign the deed in the presence of the two independent witnesses. One of the witnesses could be the notary public, who is going to acknowledge it.

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