A Texas quitclaim deed form transfers all interest the current owner owns in real estate to the new owner, but the current owner provides no warranty of title. The new owner bears all risk that a defect will arise in the legal title to the transferred property.
The Texas Quitclaim Deed is a legal document that conveys property from an owner to a buyer. This document transfers ownership rights to property without providing any insurance that the title is clear and free of encumbrances.
In simpler terms, the Texas Quitclaim Deed is a form of deed that relieves the signer’s interest in whatever property they own. The signer does not ensure that he or she owns or has clear title to the property stated in the form.
The most common purpose of the Quitclaim Deed Texas form is to release interest in property to someone already listed on the title. It could be used, for instance, to release property to an ex-spouse after a divorce.
In Texas, buyers only use quitclaim deeds in specific situations. One example is when family members or close friends exchange gifts. If you’re the buyer or the recipient of the gift, only accept a quitclaim deed if you personally know and trust the seller. Otherwise, you can end up with a useless piece of paper.
There are three main types of deeds used in real estate transactions in Texas. The most common method of transferring property is through warranty deeds. In addition to transferring title to property, a warranty deed guarantees the title against certain defects. Most importantly, a warranty deed ensures that the seller has legal ownership of the property being sold. You can also provide warranties about the property’s lack of liens or other encumbrances. With a warranty deed, a buyer can usually be confident in what they are buying and its condition.
The Quitclaim Deed Texas State does not provide such assurances. It does not convey the muniment of the title. Unlike a warranty deed, which transfers property, a quitclaim deed simply transfers the grantor’s interest at the time of transfer. Depending on the grantor’s interest at the time of transfer, a quitclaim deed can convey anything from a simple fee interest in a property to nothing at all. Moreover, a quitclaim deed can often not be used to establish a title on its own. A warranty deed, on the other hand, guarantees that the title being granted is legitimate.
By contrast, a quitclaim deed makes no guarantees or promises about the title’s quality or validity. This means that the buyer of a property through a quitclaim deed can’t be sure they’re getting a good deal. Despite this, quitclaim deeds remain a viable, albeit unreliable, method of transferring real estate titles in Texas. This remains true even if they ultimately transfer nothing at all.
There are a few specific circumstances in which a quitclaim deed provides a quick and efficient means of transferring title. For instance, even though determining what a quitclaim deed actually conveys can be challenging, it is apparent what the grantor of a quitclaim deed relinquishes: any and all interest that they may have in the property. A quitclaim deed can therefore be useful in cases when a grantor wishes to abandon any interest they may have in a property in order to clear the title. These circumstances are uncommon, and they usually arise when family members or close relationships are involved. Buyers of real property in the normal course of business, such as a traditional home sale, should be extremely cautious if the seller seeks to transfer title using a quitclaim deed.
Before purchasing a property through a quitclaim deed, you should conduct a title search of public records through a title company to ensure that there are no title defects, unknown easements, or encumbrances on the property. If you instead want to transfer property in a way that protects the new owner, consider using a general warranty deed or a special warranty deed to transfer property. If you're unsure what type of deed to use, you should seek legal advice from a real estate attorney.
The Quitclaim Deed Template Texas typically requires the following information:
The Quitclaim Deed Texas State Template should also contain the notary public’s signature, the notary public number, the commission expiration date, and the notary public seal.
Once the Texas Quitclaim Deed has been completed, signed, and notarized, it should be filed with the recorder’s office in the county clerk’s office. It’s necessary to record your property so that the chain of title can be preserved for future real estate transactions.
Using PDFRun, you can electronically fill out and download a PDF copy of the Texas Quitclaim Deed PDF in minutes. Fill it out by following the instructions below.
Preparer’s Name
Enter the preparer’s full name.
Preparer’s Address
Enter the preparer’s complete address, including street number, city, state, and ZIP code.
Recorder’s Name
Enter the recorder’s full name.
Recorder’s Address
Enter the recorder’s mailing address, including street number, city, state, and ZIP code.
County
Enter which county in Texas.
Consideration Payment
Enter the amount of consideration paid for the real property.
Grantee’s Name
Enter the grantee’s full name.
Property Name
Enter the property name.
Property County
Enter the county where the property is located.
Property Legal Description
Enter the legal description of the property.
Grantee’s Name
Enter the grantee’s full name.
Date
Enter the date both parties signed the form, following the format: Day, Month, Year.
Grantor’s Signature
Affix the grantor’s signature on the first line.
Grantee’s Signature
Affix the grantee’s signature on the second line.
County
Enter which county in Texas.
Grantor’s and Grantee’s Name
Enter the grantor’s and the grantee’s full names.
Date
Enter the date the form was notarized.
Notary Public
Enter the name of the lawyer from the notary public.
Commission Expiration Date
Enter the notary commission’s expiration date.
Keywords: texas quitclaim texas quit claim texas quit claim deed quitclaim texas texas quitclaim form texas quitclaim fillable texas quitclaim printable texas quitclaim pdf