Besides being sold, a property can also be given to someone. Both processes involve the transfer of the rights and interests concerning the property.
A quitclaim deed is signed to gift to beloved ones with property, redistribute property within the family, or transfer property from oneself to one’s firm.
A quitclaim deed is completed by the grantor (the one transferring the property rights to the Grantee).
Interestingly, this free printable deed form does not guarantee that the Grantor has rights or even a share in this property.
Let’s turn to the laws in force in the state of Illinois regarding the free printable quitclaim deed form. Laws and statutes vary from state to state, but the essence of the form and what it covers remains nearly the same.
You should check § 765 ILCS 5 of the Conveyances Act of Illinois if you choose to complete this document. It provides an example of the formulation and requirements for filling the form out (check 765 ILCS 5/10).
In addition to the Grantor’s signature, a notary must sign the document and be present during the signing.
The deed must be registered at the Recorder’s Office in the County where the property is located.
You must also pay the transfer tax. Please fill out Form PTAX-203 to calculate the amount. You can do it on paper or online, but paying online is faster and easier.
Instead of starting from scratch, use our form-building software to download the form you want and fill it out following our concise and straightforward guidelines.
1. Identify Yourself
It is assumed that the Grantor is filling out the form. Enter your full name.
2. Enter Your Address
Next, fill in the city and the county of your residence.
3. Identify the Grantee
Enter the full name of the person to whom you are transferring your property.
4. Describe the Real Estate
You need to enter:
5. Provide Signatures
Have the grantor and the grantee sign the document in front of a notary.
6. Notarize the Form
After the words “State Of Illinois,” the form must be completed by a certified notary. They should write:
7. Submit the Document
Send the document to the County’s Recorder’s Office, specifying where they should return the document after registration. Different counties have different payment registration amounts. You should also fill out Form PTAX-203 to find out the amount to pay to register.
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