Quitclaim Deed - Limited Liability Company to Husband and Wife - Tennessee: Fill out & sign online

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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the name of the limited liability company in the designated field, along with the date of execution.
In the next section, input the names of both spouses as they will appear on the deed, ensuring accuracy for legal purposes.
Provide a detailed legal description of the property being transferred. If you have this information as an attachment, you can easily upload it using our platform.
Complete the signature section by having an authorized manager of the LLC sign and print their name. This is crucial for validating the deed.
Next, ensure that a notary public witnesses the signing. Fill in their details and commission expiration date as required.
Finally, complete the Statement of Consideration section by stating the actual consideration for this transfer and have it notarized.

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Who can prepare a quit claim deed in Tennessee?

The average cost (i.e., legal fees) for a lawyer to prepare and file a quitclaim deed is $500.00. This cost point come from recent quitclaim projects on the ContractsCounsel platform across all US states. Note, this does not include any fees to file at the county clerks office, which can range from $10 to $100.

What are the risks of a quitclaim?

However, this approach has certain risks, so its not always the best option. Using a quitclaim deed might create tax issues or result in a loss of control of the property after the transfer. Additionally, the property could still require probate if you dont handle the transfer correctly.

What are the requirements for a quitclaim deed in Tennessee?

Your completed Tennessee quitclaim deed should include the following details: The grantors and grantees names and addresses. A legal description of the property. The preparers name and address. The amount of consideration exchanged. The grantors signature.

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.

Do both spouses have to be on deed in Tennessee?

Sole Ownership in Tennessee Tennessee does not recognize community property, homestead, or dower and curtesy. This means that spouses can buy, sell, or own property without the involvement of the non-owner spouse. The only exception to this is when using a deed of trust.