ufkwik.blogg.se - Illinois contract for deed template

You can locate the number on your county tax bill or assessment or contact your County Assessor’s Office. List the county where the property is located and provide the Property Index Number (PIN). The legal description must include the plat number, boundaries, existing easements, the assessor’s tax number, and the street address if any.Īgain, if you are writing your quitclaim deed, you should be sure to enter the full legal description exactly as it appears on a prior deed. They can tell you where to get a copy of an earlier deed. If you can’t find an old deed, check with the county recorder of deeds in the county where the property is located. If you’re preparing the Illinois quitclaim deed, enter the property description just as it appears on the previous deeds.

The law requires quitclaim deeds to include the language “convey and quit claim” and not words such as “grant,” “bargain,” and “sell.” The Conveyances Act also covers other types of deeds and property transfers, and quitclaim deeds are specifically covered in 765 ILCS 5/10. Under this Act, the quitclaim deed transfers only the owner’s property interest without any guarantees or protections from other claims. Illinois quitclaim deed form requirements are covered by 765 Illinois Compiled Statutes (ILCS) 5/ , also called the Conveyances Act. Illinois Quitclaim Deed Laws and Requirements

How to Write & File a Quitclaim Deed in Illinois.

Illinois Quitclaim Deed Laws and Requirements.

Instead, you need a warranty deed to transfer property with warranties as to ownership and right to transfer, which helps the grantee determine exactly what interest and rights they are receiving from the transfer. The quitclaim deed does not guarantee that the property title is free and clear of any claims or liens. In Illinois, you must adhere to the filing requirements specific to the county where the property is located.Īn Illinois quitclaim deed’s purpose is only to transfer the property.

The grantor, who is selling the Illinois property deed, guarantees that they own the property and that it’s free and clear for sale to the buyer, known as the grantee.Property owners (the grantor) can use an Illinois quitclaim deed form to easily pass property to another person (the grantee). The most common types of deed forms include:Ī general warranty deed is a common Illinois deed form. The Illinois Department of Revenue provides a way to complete and submit this tax form online. Transfers of property require payment of what’s known in Illinois as a Transfer Tax using form PTAX-203. The fee to record documents with this office varies by county. Deeds must be recorded in the county where the property changing hands is located.Įach county has a Recorder’s Office to record deeds and other documents. The law that governs the transfer of property and use of deed forms is the Illinois Conveyances Act (765 ILCS 5/).