Fill and Sign the Oregon Quit Claim Deed Formsdeedscom

© 2016 - U.S. Legal Forms, Inc. OREGON QUITCLAIM DEED [Husband and Wife to Three Individuals] Control Number: OR -022 -77 I. TIPS ON COMPLETING THE FORMSThe 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 Oregon, 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. 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Quitclaim Deed Page 1 of 2 After Recording Return to: Until a change is requested, please forward all tax statements to: Tax Assessor’s Account No. QUITCLAIM DEED (Husband and Wife to Three Individuals) Grantors, and , Husband and Wife, hereinafter Grantors, for a good and valuable consideration, does hereby remise, release, and forever quitclaim unto the , , and , as , the following lands and property, together with all improvements located thereon, lying in the County of ______________________, State of Oregon, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: The true and actual consideration paid for this transfer, stated in terms of dollars, is $ . Prior instrument reference: Book , Page , Document No. , in the public records of the Recorder of County, Oregon. Street Address of Real Property: , in , Oregon. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON'S RIGHTS, IF ANY, UNDER ORS 195.300, Quitclaim Deed Page 2 of 2 195.301AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, AND SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, AND SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009. IN WITNESS WHEREOF, the Grantors have executed this Deed on this the day of __________________, 20 . (1st Grantor’s Signature) (2 nd Grantor’s Signature) Print NamePrint Name STATE OF OREGON, COUNTY OF The foregoing instrument was acknowledged before me this ____________ (date) by ____________________________________ (name of person acknowledged.) Notary Public My commission expires: Type or Print Name STATE OF OREGON, COUNTY OF The foregoing instrument was acknowledged before me this ____________ (date) by ____________________________________ (name of person acknowledged.) Notary Public My commission expires: Type or Print Name Quitclaim Deed Exhibit A EXHIBIT A Grantors: Grantees: Legal Description: