Quitclaim Deed from Corporation to Corporation - Alabama 2026

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This document is a Quitclaim Deed executed between two corporations, where the Grantor conveys property to the Grantee for a nominal consideration of ten dollars. It includes legal descriptions of the property, specifies reservations of oil, gas, and minerals, and outlines conditions such as easements and rights-of-way. The deed requires signatures from authorized representatives and notarization.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the Grantor (the corporation transferring property) and its state of incorporation in the designated fields.
Next, fill in the Grantee's information, including the name of the receiving corporation and its state of incorporation.
Provide a detailed legal description of the property being transferred. If necessary, attach Exhibit A for clarity.
In the section regarding consideration, confirm that you acknowledge receipt of ten dollars and any additional valuable considerations.
Ensure all exceptions and reservations are clearly stated, particularly regarding oil, gas, and mineral rights.
Have an authorized signatory from the Grantor sign and date the document. Include their title and capacity.
Finally, ensure a Notary Public certifies the document by filling in their details and signing where indicated.

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What are the disadvantages of a quit claim deed?

Using a quitclaim deed could trigger unwanted tax consequences, such as gift taxes or capital gains taxes. Additionally, a quitclaim deed can introduce confusion about who truly owns a property after a transfer, which could lead to disputes later.

What are the requirements for a quit claim deed in Alabama?

Ala. Code 35-4-20 requires quitclaim deeds and other documents that convey property to be written or printed wholly or partially on paper or parchment. A quitclaim deed must be signed by the grantor, who is the person conveying the property, and at least one witness.

When a corporation transfers ownership of property, the deed must be signed.?

The deed for transferring property ownership must be signed by an authorized officer of the corporation. This ensures that the transaction complies with corporate governance and legal standards.

How much does it cost to file a quitclaim deed in Alabama?

Filing a Quitclaim Deed The cost associated with recording a quitclaim deed includes the filing and recording fee, starting at $10 for the first page and $3 for each additional page. There may be additional index transfer fees from $0.50 to $500. Fees can vary by county.

Can a title company do a quit claim deed?

0:09 1:54 A quick claim deed is a legal document that transfers ownership interest in real estate. It does notMoreA quick claim deed is a legal document that transfers ownership interest in real estate. It does not guarantee that the branch. Valit. Companies often handle real estate transactions.

Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

Quitclaim Deed from Corporation to Corporation - Alabama 2026

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How to use or fill out Quitclaim Deed from Corporation to Corporation - Alabama

Complete this form in 5 minutes or less

Got questions?

What are the disadvantages of a quit claim deed?

What are the requirements for a quit claim deed in Alabama?

When a corporation transfers ownership of property, the deed must be signed.?

How much does it cost to file a quitclaim deed in Alabama?

Can a title company do a quit claim deed?

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Who benefits the most from a quitclaim deed?

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Quitclaim Deed from Corporation to Corporation - Alabama 2026

Here's how it works

How to use or fill out Quitclaim Deed from Corporation to Corporation - Alabama

Complete this form in 5 minutes or less

Got questions?

What are the disadvantages of a quit claim deed?

What are the requirements for a quit claim deed in Alabama?

When a corporation transfers ownership of property, the deed must be signed.?

How much does it cost to file a quitclaim deed in Alabama?

Can a title company do a quit claim deed?

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People also ask

Who benefits the most from a quitclaim deed?

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