Indiana quit claim deed form is an official document used to transfer the portion of interest in real estate from one party to another. The draft, when duly filled and attested, becomes a legal document for you to handle all the interest transfer of your property. Thus, it is an excellent way to avoid any ambiguity or lawsuit in the future.
This article includes all the information regarding the Indiana quitclaim deed, its importance, requirements, and laws.
Here are some of the necessary components that a standard Indiana quitclaim deed template should have:
- Description of the property
- Details of purchase and cost
- Information on applicable laws
What Is an Indiana Quit Claim Deed?
An Indiana quitclaim deed is specially used by a Grantor or a seller to officially transfer his share of interests to the buyer usually referred to as Grantee. Once this form is duly filled and signed, it is registered in official records of Indiana with the location of the property and can be used for all official purposes in the future.
However, the document does not offer any warranty on the title of the property. Thus, there are some risks involved in transferring property using a quit claim deed. To secure yourself, it is better that you carry out research before buying any property. Once you are satisfied, you can rely on this simple yet useful document for interest transfer.
What Are the Requirements for the Indiana Quit Claim Deed?
All the requirements of the Indiana quit claim deed are listed below:
Location of Both the Parties:
Write the location of both the parties involved. It would be best if you were sure about the area and identity of the Mail recipient and the one who prepares and manages this form.
You need to write the country name in the space labeled as "Country" in the main body.
Amount of Money Both Parties Agreed Upon:
In this section, precisely write the sum of money Grantor has agreed upon in exchange for his real estate property. Remember that you need to write it in words and then also in numbers in dollars.
Now, input Grantee information in the section "forever quitclaims to". In this section, you need to include the following:
- Address: Complete information on the unit number, street number, and house number.
You need to fill in details of the property along with the legal requirements of quit claim deed form. Make sure you complete this section carefully with complete information. In case you run out of space in that section, you can attach another document adequately labeled.
Now, you need to put in the signatures of the Grantor. Make sure to mention all the names, signature, and complete address information of all the Grantors involved.
In this section, along with the signature, you need to put address information again with Country, city, state, and postal code (ZIP code).
Notarization is the most important step after you have filled the form correctly. In the other case, the document can never be considered valid in any situation.
The Notary Public will authenticate the Country involved, signatures, all the information provided, and the date of the agreement. He will then include his information containing ID number, a Notary stamp, and the commission expiry date.
Indiana Country Clerk:
Finally, you need to directly contact Indiana Country Clerk in the area where the property is located. Here you need to submit all the paperwork, documents, and any other extra attachments you need to include in the final draft.
Submit the processing fee and get further guidelines according to the Country's official codes.
Indiana Quit Claim Deed Laws
Under law section 32-21-1-15, Indiana quitclaim deed is functional. It states that the form must be authenticated by
- The Grantor
- The judge
- The county auditor
- The notary public
- The clerk of a court of record
- The county recorder
- The commissioner appointed by the governor in any other state of Indiana.
- The mayor in Indiana or any other state
- The clerk of the country council of the city
- The person authorized under law section IC 2-3-4-1
- The clerk-treasurer for an area.
The law contains all the details you need to enter while preparing the quit claim deed. It includes the complete information and the typical statements you need to add as it is in your final draft. Moreover, it also mentions all the conditions and things you need to consider while filing your quitclaim deed.
According to SENATE ENROLLED ACT No. 340, all the quitclaim deeds filled and written in Indiana must be signed by Grantor right in the front of a Notary Public. The record is submitted and kept at the County Recorder's Office in the area which houses that specific real estate.
Indiana quit claim deed form is a document necessary for you if you intend to transfer your property claim to any other party or individual. So, you need to be very careful while filling this form to avoid any confusion and difficulty in the future.
CocoSign provides you with the comprehensive yet simple templates of Indiana quit claim deed for you. All we strive to make this crucial step easy and quick for you. Connect to CocoSign for many other free templates forms of quitclaim deed according to your needs.
We will help you include step by step complete information in designated sections to make your quitclaim deed more useful for future lawsuits.