Prepared by U.S. Legal Forms, Inc.
Copyright 2016 - U.S. Legal Forms, Inc.
STATE OF ILLINOIS
WARRANTY DEED
[Trust to Individual]
Control Number – IL - SDEED – 8-9
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ILLINOIS PROPERTY TAX CODE – TRANSFER TAX EXEMPTION
1. Real Estate Transfer Declaration can be completed and printed online at:
https://www.revenue.state.il.us/RETD/
2. See the following for a listing of the exemptions to the Illinois Transfer Tax on real estate transactions :
(35 ILCS 200/31-45)
Sec. 31-45. Exemptions. The following deeds or trust documents shall be exempt from the
provisions of this Article except as provided in this Section:
(a) Deeds representing real estate transfers made before January 1, 1968, but recorded after
that date and trust documents executed before January 1, 1986, but recorded after that
date.
(b) Deeds to or trust documents relating to (1) property acquired by any governmental body
or from any governmental body, (2) property or interests transferred between
governmental bodies, or (3) property acquired by or from any corporation, society,
association, foundation or institution organized and operated exclusively for charitable,
religious or educational purposes. However, deeds or trust documents, other than those
in which the Administrator of Veterans' Affairs of the United States is the grantee
pursuant to a foreclosure proceeding, shall not be exempt from filing the declaration.
(c) Deeds or trust documents that secure debt or other obligation.
(d) Deeds or trust documents that, without additional consideration, confirm,
correct, modify, or supplement a deed or trust document previously recorded.
(e) Deeds or trust documents where the actual consideration is less than $100.
(f) Tax deeds.
(g) Deeds or trust documents that release property that is security for a debt or other
obligation.
(h) Deeds of partition.
(i) Deeds or trust documents made pursuant to mergers, consolidations or transfers
or sales of substantially all of the assets of corporations under plans of reorganization
under the Federal Internal Revenue Code or Title 11 of the Federal Bankruptcy Act.
(j) Deeds or trust documents made by a subsidiary corporation to its parent corporation
for no consideration other than the cancellation or surrender of the subsidiary's stock.
(k) Deeds when there is an actual exchange of real estate and trust documents when there is
an actual exchange of beneficial interests, except that that money difference or
money's worth paid from one to the other is not exempt from the tax. These deeds or
trust documents, however, shall not be exempt from filing the declaration.
(l) Deeds issued to a holder of a mortgage, as defined in Section 15-103 of the Code of
Civil Procedure, pursuant to a mortgage foreclosure proceeding or pursuant to a
transfer in lieu of foreclosure.
(m) A deed or trust document related to the purchase of a principal residence by a
participant in the program authorized by the Home Ownership Made Easy Act, except
that those deeds and trust documents shall not be exempt from filing the declaration.
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This document prepared by (and after recording
return to):
-------- Above This Line Reserved For Official Use Only-------------Name:
Firm/Company:
Address:
Address 2:
City, State, Zip:
Phone:
Permanent Index No.
Property Address:
WARRANTY DEED
(Trustee to Individual)
THE GRANTOR ________________________ , as Trustee under the provisions of a Trust
Agreement dated the ______ day of __________________ , 20 ______ , establishing the Trust known as
the ________________________ Trust, for valuable consideration of ten dollars ($10.00), and other good
and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby
acknowledged, does hereby convey and warrant, unto ______________________ , an Individual,
hereinafter “Grantee”, the following real estate, together with all improvements located thereon, lying in
the County of ____________ , State of Illinois, to-wit:
Unit ______ in ____________________________________ Condominium, being a
condominium created under the THE CONDOMINIUM PROPERTY ACT OF THE STATE OF
ILLINOIS by a “Declaration of Condominium for “ ______________________________
Condominium”, dated the ______ day of __________________ , ______ and recorded the
______ day of __________________ , ______ in the Office of the Recorder of Deeds for
__________________ County, Illinois, Permanent Index No. _______________ and by a
Condominium Plat therefor;
Together with all appurtenant rights, title and interests, including (without limitation):
(a) the undivided percentage interest in all Common Elements as specified for
such Unit in the aforementioned Declaration;
(b) the right to use of the areas and /or facilities, if any, specified in the aforementioned
Declaration, as Limited Common Elements for such Unit; and
(c) membership in the ________________________ Owner’s Association,
__________________ , (hereafter the “Owner’s Association”), a
________________________ , as provided for in the aforementioned Declaration and in
any Articles of Incorporation and/or Bylaws for such Owner’s Association.
Prior instrument reference: Book ______ , Page ______ , Permanent Index No. ______ , of the
Public Records maintained by the Recorder of Deeds for ______________________ County,
Illinois.
Warranty Deed Page 1 of 3
GRANTOR warrants that the title is good, indefeasible in fee simple and free and clear of
encumbrances, except terms, provisions, conditions and restrictions contained in the Condominium
Ownership Act for the State of Illinois and/or contained in any of the “Condominium Documents”
(Consisting of the aforementioned Declaration and Condominium Plat, the Bylaws, and Articles of
Incorporation of such Owner’s Association, any Rules or Regulations adopted pursuant to the Declaration
or Bylaws) and all amendments to any of those Condominium Documents and Grantee, by acceptance of
this Deed, agrees and binds Grantee and all his/her heirs, representatives, successors and assigns to all the
terms, provisions and conditions of the Condominium Documents and all amendments thereto.
TO HAVE AND TO HOLD same unto Grantee, and unto Grantee’s assigns forever, with all
appurtenances thereunto belonging.
GRANTOR does for Grantor and Grantor’s successor’s and assigns forever hereby covenant with
GRANTEE that Grantor is lawfully seized in fee simple of said premises; that the premises are free from
all encumbrances, unless otherwise noted above; that Grantor has a good right to sell and convey the
same as aforesaid; and to forever warrant and defend the title to the said lands against all claims whatever.
WITNESS Grantor’s hand this the ____ day of ________________ , 20 ____ .
Dated this day of , .
Signature
Title
Type or Print Name
STATE OF __________________
COUNTY OF __________________
I, the undersigned, a Notary Public in and for said County, in the State aforesaid, DO HEREBY
CERTIFY THAT ______________________________ personally known to me to be the same person(s)
whose name is/are subscribed to the foregoing instrument, appeared before me this day in person, and
acknowledged that __________________ signed, sealed and delivered the said instrument as
__________________ free and voluntary act, for the uses and purposes therein set forth.
Given under my hand and notarial seal this the ____ day of ________________ , 20 ____ .
____________________________________
Notary Public
(SEAL)
__________________
Print Name
Warranty Deed Page 2 of 3
COUNTY – ILLINOIS TRANSFER STAMPS
EXEMPT UNDER PROVISIONS OF PARAGRAPH ___________________ SECTION 4, REAL
ESTATE TRANSFER ACT.
DATE: _________________________ _______________________________________
Buyer, Seller or Representative
Grantor(s) Name, Address, phone:
Grantee(s) Name, Address, phone:
SEND TAX STATEMENTS TO GRANTEE
Warranty Deed Page 3 of 3