Fill and Sign the North Carolina Llc Form

© 2016 - U.S. Legal Forms, Inc.       NORTH CAROLINA QUITCLAIM DEED [Limited Liability Company to Husband and Wife / Two Individuals] Control Number: NC-036-77 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. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of North Carolina, real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “. . . as tenants in common , . . .” OR “. . . as tenants by the entireties , . . .” OR “. . . as joint tenants with the right of survivorship , . . .” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of North Carolina. 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. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NORTH CAROLINA QUITCLAIM DEED Mail after recording to       This instrument prepared by       Brief description for the index       THIS QUITCLAIM DEED made this       day of       , 20       , by and between GRANTOR       , a Limited Liability Company GRANTEES       , and       , Husband and Wife WITNESSETH, that said Grantor, for and in consideration of the sum of ten dollars and other consideration to Grantor in hand paid, the receipt of which is hereby acknowledged, has remised and released and by these presents does remise, release, and forever quitclaim unto the Grantees, as joint tenants with the right of survivorship and not as tenants in common , and Grantee’s successors and assigns, all right, title, claim, and interest of the said Grantor in and to a certain tract or parcel of land lying and being in the County of __________________ , and State of North Carolina, in __________________ Township , and more particularly described as follows: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Quitclaim Deed Page 1 of 2 Grantor acquired the property hereinabove described by instrument recorded in Book ______ at Page ______ . A map showing the above-described property is recorded in Map/Cabinet ______ at Page ______ . TO HAVE AND TO HOLD the aforesaid tract or parcel of land and all privileges thereunto belonging to the said Grantees and Grantee’s successors and assigns free and discharged from all right, title, claim or interest of the said Grantor or anyone claiming by, and through or under Grantor. Title to the property hereinabove described is subject to the following exceptions if any: ANY AND ALL OF PUBLIC RECORD       IN WITNESS WHEREOF, the said       has caused its name to be hereunto subscribed by its managing member this ______ day of ____________ , 20 ______       , a Limited Liability Company By: Signature       Type or Print Name Its:       State of North Carolina , County of       I,       , a Notary Public in and for said state and county do hereby certify that       personally appeared before me this day and acknowledged that he/she is the       of       , a limited liability company, and that by authority duly given and as the act of the L.L.C., the foregoing instrument was signed in its name by its       . Witness my hand and official seal this ______ day of __________________ , 20 ______ . Notary Public       Type or Print Name My commission expires:       Quitclaim Deed Page 2 of 2 EXHIBIT A Grantor:       Grantees:             Legal Description:       Exhibit A