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In the realm of real estate transactions, the Rhode Island Quitclaim Deed serves as a vital tool for property owners looking to transfer their interests in a property without the complexities associated with other types of deeds. This form allows individuals to convey whatever interest they may have in a property, whether it be full ownership or a partial stake, to another party. Unlike warranty deeds, which offer guarantees regarding the title's validity, a quitclaim deed makes no such assurances, placing the onus on the grantee to investigate the property’s title. The simplicity of this form is appealing, particularly in situations involving family transfers, divorce settlements, or clearing up title issues. Additionally, the quitclaim deed must be executed in accordance with state laws, including proper notarization and recording with the local municipality to ensure the transfer is legally recognized. Understanding the nuances of this deed is essential for anyone involved in real estate transactions in Rhode Island, as it can significantly impact property rights and future dealings.
Rhode Island Quitclaim Deed Example
Rhode Island Quitclaim Deed Template
This quitclaim deed is prepared in accordance with the laws of the State of Rhode Island, designed to facilitate the transfer of property rights from the grantor to the grantee without any warranties of title.
Preparer's Information:
- Name: _______________
- Address: _______________
- Phone Number: _______________
- Email Address: _______________
Grantor's Information:
- Name(s): _______________
- Address: _______________
- Marital Status: _______________
- State of Residence: Rhode Island
Grantee's Information:
- Name(s): _______________
- Address: _______________
- State of Residence: _______________
Property Information:
- Legal Description of the Property: _______________
- Property Address: _______________
- City/County: _______________
- Rhode Island Tax Assessor's Parcel Number (APN): _______________
For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantor(s) does hereby convey, quitclaim, and release unto the Grantee(s), all the right, title, interest, and claim in the property described above, located in the State of Rhode Island.
Execution:
The Grantor(s) hereby execute(s) this quitclaim deed on the ___ day of ____________, 20__.
Grantor's Signature: _______________
Grantor's Name (Printed): _______________
Grantee's Acceptance:
This quitclaim deed was accepted by the Grantee(s) on the ___ day of ____________, 20__.
Grantee's Signature: _______________
Grantee's Name (Printed): _______________
Notarization (If applicable):
This document was acknowledged before me on the ___ day of ____________, 20__, by the grantor(s).
Notary Public Signature: _______________
Notary Public Name (Printed): _______________
Commission Expiration: _______________
File Characteristics
| Fact Name | Description |
|---|---|
| Definition | A Quitclaim Deed is a legal document used to transfer ownership of real estate from one party to another without any warranties about the title. |
| Governing Law | In Rhode Island, Quitclaim Deeds are governed by Title 34, Chapter 11 of the General Laws of Rhode Island. |
| Purpose | This form is often used in situations where the parties know each other, such as transferring property between family members or in divorce settlements. |
| No Title Guarantee | Unlike warranty deeds, a Quitclaim Deed does not guarantee that the grantor holds clear title to the property. |
| Recording | To make the transfer official, the Quitclaim Deed must be recorded in the local land records office in the county where the property is located. |
| Signature Requirements | The deed must be signed by the grantor (the person transferring the property) and may require notarization. |
| Consideration | While a Quitclaim Deed can be executed for little or no consideration, it’s common to include a nominal amount to validate the transaction. |
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