A Quitclaim Deed is a legal document used to transfer ownership of real estate from one party to another without making any guarantees about the property title. In Oregon, this form serves as a straightforward way for property owners to relinquish their rights, often used among family members or in situations where the seller cannot provide a warranty. Understanding how to properly complete and file this document is essential for ensuring a smooth transfer of property rights.
The Oregon Quitclaim Deed form serves as a vital tool for property owners looking to transfer their interest in real estate without the complexities often associated with traditional sales. This form allows individuals to convey their rights to a property, whether it’s a house, land, or other real estate, to another party. Unlike warranty deeds, which provide guarantees about the title, a quitclaim deed offers no such assurances; it simply transfers whatever interest the grantor has in the property. This makes it particularly useful in situations such as divorce settlements, estate transfers, or when property is given as a gift. To execute a quitclaim deed in Oregon, certain requirements must be met, including proper identification of the parties involved, a clear description of the property, and the signature of the grantor. Additionally, while notarization is not always mandatory, it is highly recommended to ensure the deed's acceptance by the county recorder. Understanding these aspects can help individuals navigate the property transfer process more smoothly and effectively.
Oregon Quitclaim Deed
This Quitclaim Deed, prepared on __________ (Date), effectively transfers the property interest from the grantor to the grantee without any warranty of title. This document adheres to the specific requirements of Oregon state law.
Prepared By:
______________________________________
Name of Preparer
Preparer's Address
After Recording Return To:
Name
Address
Property Information
The real property subject to this Quitclaim Deed is situated in the County of __________, State of Oregon, and is legally described as follows:
Legal Description of Property
Tax Map and Lot Number: __________
Grantor Information
The Grantor of this Quitclaim Deed is ______________________________________, whose address is ______________________________________. The Grantor fully releases and quitclaims the above-described property to the Grantee, but does not warranty against any claims on the property.
Grantee Information
The Grantee of this Quitclaim Deed is ______________________________________, whose address is ______________________________________. The Grantee accepts the above-described property with the understanding that it comes "as is," without any guarantee of a clear title.
Consideration
The consideration paid for this conveyance is $__________.
Signature
In witness whereof, the Grantor has executed this Quitclaim Deed on __________.
Grantor's Signature: ______________________________________
State of Oregon
County of __________
On __________ before me, ______________________________________, a notary public in and for said state, personally appeared ______________________________________, known to me (or proved to me on the oath of ______________________________________) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized 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.
WITNESS my hand and official seal.
Signature of Notary Public: ______________________________________
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