Fill and Sign the Az Limited Form

© 2016 - U.S. Legal Forms, Inc.       ARIZONA QUITCLAIM DEED [Limited Liability Company to an Individual] Control Number: AZ-072-77 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. Affidavit of Property Value: Forms for this affidavit may be obtained from the Arizona Department of Revenue. See form No. 82162 entitled “Affidavit of Property Value” at: http://www.azdor.gov/Forms/Property.aspx There must be appended to the deed an affidavit stating the value of the property and other information unless the transaction qualifies under of the following exemptions: A.R.S. § 11-1134 exempts certain transfers from completion of the Affidavit of Property Value and the filing fee. See the list of exemption codes below. If the transfer meets the criteria for an exemption, do not complete the Affidavit. Instead, please post the Statute Number and Exemption Code on the face of the Deed, in the space provided immediately beneath the Legal Description. For example, if Exemption Code B3 is applicable, the proper exemption notation would be A.R.S. 11-1134 B3 . Unless exempt, carefully complete the Affidavit, sign, notarize and submit it to the County Recorder. LIST OF EXEMPTION CODES (A.R.S. § 11-1134) A1. A deed that represents the payment in full or forfeiture of a recorded contract for the sale of real property. A2. A lease or easement on real property, regardless of the length of the term. A3. Sales to or from government: “A deed, patent or contract for the sale or transfer of real property in which an agency or representative of the United States , this state, a county, city or town of this state or any political subdivision of this state is the named grantor, and authorized seller, or purchaser.” A4. A quitclaim deed to quiet title as described in A.R.S. § 12-1103, subsection B. A5. A conveyance of real property that is executed pursuant to a court order. A6. A deed to an unpatented mining claim. A7. A deed of gift. B1. A transfer solely in order to provide or release security for a debt or obligation, including a trustee’s deed pursuant to power of sale under a deed of trust. B2. A transfer that confirms or corrects a deed that was previously recorded. B3. A transfer between husband and wife, or parent and child with only nominal actual consideration for the transfer. B4. A transfer of title on a sale for delinquent taxes or assessments. B5. A transfer of title on partition. B6. A transfer of title pursuant to a merger of corporations. B7. A transfer by a subsidiary corporation to its parent corporation for no consideration or nominal consideration or in sole consideration for canceling or surrendering the subsidiary’s stock. B8. A transfer from a person to a trustee or from a trustee to a trust benefi ciary with only nominal consideration for the transfer. B9. A transfer of title to and from an intermediary for the purpose of creating a joint tenancy estate or some other form of ownership. B10. A transfer from a husband and wife or one of them to both husband and wife to create an estate in community property with right of survivorship. B11. A transfer from two or more persons to themselves to create an estate in joint tenancy with right of survivorship. B12. A transfer pursuant to a beneficiary deed with only nominal actual consideration for the transfer. III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Arizona. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. 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This document prepared by (and after recording return to): Name:       Firm:       Address:             Phone:       Exempt from Affidavit of Property Value pursuant to A.R.S. 11-1134       QUITCLAIM DEED (L.L.C. to Individual) THIS INDENTURE , made this day between: GRANTOR:       , a limited liability company, organized under the laws of the State of Arizona whose address is       , AND GRANTEE:       , an individual, whose street address is       . WITNESSETH , that Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00), and other good and valuable consideration to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, does hereby transfer, remise, release and forever quitclaim to Grantee, all interest in and to the following described land, situate, lying and being in the County of       , Arizona, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Quitclaim Deed Page 1 of 2 Prior instrument reference: Book ______ , Page ______ , Document No. ______ , of the Recorder of ______________________ County, Arizona. /// /// IN WITNESS WHEREOF, the Grantor has caused its name to be hereunto subscribed by its managing member this the ______ day of __________________ , 20 ______ . ________________________ , L.L.C. By Signature       Type or Print Name State of Arizona County of       The foregoing instrument was acknowledged before me this       day of       , 20       , by       (signing party), the       (title) of       (name of LLC), a       (state of formation) limited liability company, on behalf of said limited liability company. Notary Public       Print or Type Name My Commission Expires:       Quitclaim Deed Page 2 of 2 EXHIBIT A Grantor:       Grantees:       Street Address of Property:       Legal Description:       Quitclaim Deed Exhibit A