Iowa Quitclaim Deed
This Iowa Quitclaim Deed (the “Deed”), made this [DATE], by and between [YOUR NAME] ("Grantor"), whose address is [YOUR COMPANY ADDRESS] and [GRANTEE'S NAME] ("Grantee"), whose address is [GRANTEE'S ADDRESS]:
I. Recitals
Whereas, Grantor, being the rightful owner of real property situated in the County of [COUNTY NAME], State of Iowa, more particularly described as follows:
Property Description
Address: 123 Main Street, Anytown, Iowa, 56789
Legal Description: Lot 1 of Block A in the Smith Addition to Anytown, as recorded in Plat Book 2, Page 45, in the Office of the County Recorder of [COUNTY NAME], Iowa.
Parcel Number: 123-456-789
II. Consideration
For and in consideration of the sum of Ten Thousand Dollars ($10,000.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Grantor does hereby quitclaim, grant, bargain, sell, and convey to Grantee all the right, title, interest, and claim which the Grantor may have in and to the above-described real property.
III. Grantor’s Covenant
Grantor hereby relinquishes all claims, rights, and interests in the property described above to the Grantee. This Quitclaim Deed is made without warranties of any kind concerning the title to the property. Grantor has not made, does not make, and specifically disclaims any representations, warranties, covenants, or guarantees, whether express or implied, concerning the title, ownership, or condition of the property. The grantor conveys the property to the Grantee in the "as-is" condition and assumes that the Grantee accepts it in this condition.
IV. Purpose
This Deed is intended to provide a clear and straightforward transfer of property rights from Grantor to Grantee. It is a suitable and effective legal instrument for use in informal transactions. Such transactions typically occur among family members, to clarify ownership uncertainties, or to resolve disputes regarding the property. This Quitclaim Deed facilitates these transfers when there is a necessary level of trust between the parties involved. Both parties acknowledge and accept the absence of title warranties.
V. Execution by Grantor
IN WITNESS WHEREOF, Grantor has executed this Quitclaim Deed on the date first written above. The undersigned Grantor(s) fully understand that the execution of this Deed implies the absolute release of all rights and claims to the property in favor of the Grantee.
Grantor:
[YOUR NAME]
[DATE SIGNED]
Grantee:
[GRANTEE'S NAME]
[DATE SIGNED]
VI. Notary Acknowledgment
State of Iowa, County of [COUNTY NAME]
On this [DAY] day of [MONTH], [YEAR], before me, [NOTARY PUBLIC'S NAME], a Notary Public in and for said County and State, personally appeared [YOUR NAME] and [GRANTEE'S NAME], known to me to be the person(s) whose name(s) is/are subscribed to the within the instrument and acknowledged that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
Notary Public
My Commission Expires: [COMMISSION EXPIRY DATE]
[SEAL, IF APPLICABLE]
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