Official Quitclaim Deed Template for the State of New York Make Your Document Now

Official Quitclaim Deed Template for the State of New York

A Quitclaim Deed is a legal document used to transfer ownership of real property from one party to another without any guarantees about the title. This form is often utilized in situations where the parties know each other, such as family transfers or divorce settlements. Understanding the Quitclaim Deed process in New York can help ensure a smooth transfer of property rights.

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Similar forms

  • Warranty Deed: A warranty deed provides a guarantee that the grantor holds clear title to the property and has the right to transfer it. Like a quitclaim deed, it transfers ownership, but it offers more protection to the buyer.
  • Grant Deed: A grant deed also transfers property ownership and assures that the property has not been sold to anyone else. While similar to a quitclaim deed, it includes certain guarantees about the title.
  • Special Purpose Deed: This type of deed is used for specific situations, such as transferring property into a trust. It functions similarly to a quitclaim deed in that it conveys ownership without warranties.
  • Deed of Trust: A deed of trust secures a loan by transferring property title to a trustee until the loan is paid off. While it serves a different purpose, it involves the transfer of property rights, much like a quitclaim deed.
  • Lease Agreement: A lease agreement allows a tenant to use a property owned by a landlord. Although it doesn't transfer ownership, it grants rights to use the property, similar to how a quitclaim deed transfers ownership rights.
  • Bill of Sale: A bill of sale transfers ownership of personal property, such as vehicles or furniture. Like a quitclaim deed, it signifies a change of ownership, but it applies to personal rather than real property.
  • Affidavit of Title: This document is used to confirm the ownership of a property. It can accompany a quitclaim deed to provide additional assurance about the title being transferred.
  • NYCHA Annual Recertification Form: This essential document serves as a formal declaration by property owners or managing agents to ensure compliance with the Rent Stabilization Code, as detailed at nyforms.com/nycha-annual-recertification-template.
  • Power of Attorney: A power of attorney allows one person to act on behalf of another in legal matters, including property transactions. It can facilitate the execution of a quitclaim deed when the grantor is unable to sign.
  • Partition Deed: This type of deed is used to divide jointly owned property among co-owners. It serves a similar purpose to a quitclaim deed by transferring ownership rights among the parties involved.
  • Trustee's Deed: A trustee's deed is used when a property is sold at a foreclosure auction. It transfers ownership to the new buyer without warranties, much like a quitclaim deed.

Document Sample

New York Quitclaim Deed

This Quitclaim Deed is executed under the laws of the State of New York.

Effective Date:

Grantor(s):

Address of Grantor(s):

Grantee(s):

Address of Grantee(s):

Legal Description of Property:

Consideration: The sum of dollars.

NOW, THEREFORE, for and in consideration of the sum stated above, the Grantor(s) hereby quitclaims to the Grantee(s) all rights, title, and interest in and to the described property.

Signed this ______ day of __________, 20__.

Grantor Signature: ______________________

Print Name:

Grantee Signature: ______________________

Print Name:

STATE OF NEW YORK

COUNTY OF __________

On this ______ day of __________, 20__, before me appeared , personally known to me or proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to this instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Notary Public: ______________________

My Commission Expires: ____________

Key takeaways

The New York Quitclaim Deed form is a legal document used to transfer property ownership. Understanding its key aspects can facilitate a smoother transaction. Here are essential takeaways regarding its use:

  • The Quitclaim Deed transfers ownership without guaranteeing the title's validity.
  • It is commonly used among family members or in situations where the parties know each other.
  • Both the grantor (the person transferring the property) and the grantee (the person receiving the property) must be clearly identified.
  • The form must include a legal description of the property being transferred.
  • Signatures of the grantor are required, and notarization is necessary for the deed to be valid.
  • Filing the Quitclaim Deed with the county clerk is essential to make the transfer official.
  • There may be tax implications associated with the transfer, so consulting a tax professional is advisable.
  • It is recommended to review local laws and regulations, as requirements can vary by county.
  • Using a Quitclaim Deed does not relieve the grantor from any existing mortgage obligations on the property.

Other Common State-specific Quitclaim Deed Templates

Instructions on How to Fill Out New York Quitclaim Deed

Once you have your New York Quitclaim Deed form ready, it’s essential to complete it accurately to ensure a smooth transfer of property rights. Follow these steps to fill out the form correctly.

  1. Obtain the form: Download the New York Quitclaim Deed form from a reliable source or visit your local county clerk's office to get a physical copy.
  2. Identify the grantor: Fill in the full name and address of the person transferring the property (the grantor).
  3. Identify the grantee: Enter the full name and address of the person receiving the property (the grantee).
  4. Describe the property: Provide a detailed description of the property being transferred. This includes the address and any relevant legal descriptions.
  5. Include the consideration: State the amount of money or value exchanged for the property. If it’s a gift, you can indicate that as well.
  6. Sign the document: The grantor must sign the form in the presence of a notary public. Ensure that the signature is clear and matches the name on the form.
  7. Notarization: Have the notary public complete their section, which confirms the identity of the grantor and the authenticity of the signature.
  8. File the deed: Submit the completed Quitclaim Deed to the appropriate county clerk's office for recording. There may be a filing fee, so check the requirements beforehand.

After completing these steps, keep a copy of the filed deed for your records. This document is crucial for proving ownership and should be stored safely.