This Quitclaim Deed (the "Deed") is entered into on (the "Effective Date") by and between:
, an individual having their usual place of living at (the "Grantor"), and
, an individual having their usual place of living at (the "Grantee").
The Grantor, for and in consideration of , the receipt of which is hereby acknowledged, shall demise, release, and forever quitclaim to the Grantee and the associated heirs and assigns all rights, title, claim, and interest of the said Grantor in and to located in the State of , and more particularly described as follows:
(the "Object").
The detailed characteristics of the Object, including official documentation, are provided in the Annex.
TO HAVE AND TO HOLD the aforementioned Object and all privileges unto the Grantee and the associated heirs and assigns. The title of the property described above is subject to the following exceptions: .
All fees related to the registration of this Deed shall be covered by the Grantor.
Warranties. The Grantor represents and warrants that:
The Object shall be held in trust for the benefit of the Grantor as the beneficial owner during the Grantor's lifetime. The Grantee shall manage, lease, encumber, sell, or otherwise deal with the Object as directed by the Grantor, and the Grantor shall retain the right to occupy and use the Object as permitted by applicable law.
The Grantor explicitly retains ownership rights to all products and mineral resources found on or under the Object, including but not limited to timber, minerals, oil, gas, and any other valuable resources (the "Reserved Rights"). The Grantor retains the exclusive right to access, extract, and remove the Reserved Rights from the Object, as well as to enter the Object for the purpose of extracting and utilizing said resources.
Governing law and dispute resolution. This Deed shall be governed by and construed in accordance with the laws of the State of , except for its conflict of laws principles. Any disputes relating to this Deed or its breach that cannot be resolved by negotiations between the Parties shall be brought exclusively in the courts of the State of .
Taxes. The Parties acknowledge that real property taxes may be assessed on the Object, and the responsibility for payment of such taxes shall comply with applicable state and local laws and regulations. It is the responsibility of the Grantee to determine and fulfill any property tax obligations unless stipulated otherwise by law. Any transfer taxes, documentary stamp taxes, or other similar taxes or fees imposed by state or local authorities in connection with the transfer of the Object shall be the responsibility of the Grantor unless required otherwise by law.
Spousal consent. The spouse of the Grantor, , hereby consents to this conveyance of the Object by the Grantor to the Grantee. The spouse acknowledges being fully informed of the transaction and voluntarily consents to the transfer of the Grantor's interest in the Object.
This Deed is executed voluntarily, without any influence.
IN WITNESS WHEREOF, the Parties have executed this Deed as of the Effective Date in authentic counterparts.
The Grantor Signature: _________________ Printed name: The Grantor's spouse Signature: _________________ Printed name: | The Grantee Signature: _________________ Printed name:
|
On this , before me, the witness, personally appeared and , known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness 1
Signature: ______________________
Name: _________________________
Witness 2
Signature: ______________________
Name: _________________________
State of
County of
On this , before me, a notary public in and for said county and state, personally appeared and known to me to be the persons whose names are subscribed to the foregoing instrument and acknowledge that they executed the same for the purposes therein contained.
Witness my hand and official seal.
Signature: ______________________________
Notary public's name: __________________________
Notary public's seal: ____________________________