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Quit Claim Deed from Business Entity to Individual

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DEED OF SALE

(Top 3 inches reserved for recording data)

DEED OF SALE

by Business Entity Personal Representative to Joint Tenants

Minnesota Uniform Conveyancing Blanks

Form 10.5.7 (2011)

DEED TAX DUE: $ DATE: (month/day/year)

FOR VALUABLE CONSIDERATION, (insert name of Personal Representative)

a under the laws of

as Personal Representative of the Estate of , Decedent, single married at the time of death (check applicable box) (if "married" is checked, then attach a Consent of Spouse [Form 70.1.1])

("Grantor"), hereby conveys and quitclaims to (insert name of each Grantee)

("Grantee"), as joint tenants, real property in County, Minnesota, legally described as follows:

Check here if all or part of the described real property is Registered (Torrens)

together with all hereditaments and appurtenances belonging thereto.

Check applicable box:

The Seller certifies that the Seller does not know of any wells on the described real property.

A well disclosure certificate accompanies this document or has been electronically filed. (If electronically filed, insert WDC number: )

I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate.

Grantor

(name of Personal Representative)

By: (signature)

Its: (type of authority)

By: (signature)

Its: (type of authority)

Page 1 of 2

Page 2 of 2

Minnesota Uniform Conveyancing Blanks Form 10.5.7

State of Minnesota, County of

This instrument was acknowledged before me on (month/day/year) by (name of authorized signer)

as (type of authority)

and by (name of authorized signer)

as (type of authority) of (name of Personal Representative) Decedent.

(Stamp)

(signature of notarial officer)

Title (and Rank):

My commission expires: (month/day/year)

THIS INSTRUMENT WAS DRAFTED BY:

TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO:

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What a Quit Claim Deed from Business Entity to Individual Is

A Quit Claim Deed from Business Entity to Individual is a transfer document used to convey whatever interest a business entity holds in a parcel of real property to a named individual without warranties of title. The deed identifies the grantor (the business), the grantee (the individual), a legal description of the property, and the effective date; it must be properly signed, notarized, and recorded per state law to affect public title records and protect the parties' interests.

Why this Deed Is Used and What It Delivers

This deed expedites transfers when the business is simply relinquishing its interest rather than guaranteeing clear title; it reduces negotiation complexity but also shifts due-diligence obligations to the grantee.

Why this Deed Is Used and What It Delivers

Who Typically Executes or Receives This Deed

Each party should confirm signing authority, review outstanding liens or mortgages, and consider title insurance or attorney review before recording.

  • Business owner transferring property to a principal individual for estate planning or simplification.
  • Corporate officer conveying non-core property when corporate ownership is being reduced or dissolved.
  • Individual grantee receiving property as a gift, distribution, or purchase from the entity.

Key Signatory Roles and Typical Representatives

Authorized Officer

The corporate officer or LLC manager who is authorized under the entity’s governing documents or bylaws to transfer real property. Provide title and a short statement of authorization when requested by the recorder or title company.

Individual Grantee

The individual who will receive the property interest. Verify identity with government ID and confirm name exactly as it will appear on recorded title to avoid mismatches or recording rejections.

Essential Elements of a Professional Quit Claim Deed

A well-drafted Quit Claim Deed from Business Entity to Individual clearly identifies parties, property, consideration, authority to convey, notarization, and recording instructions to ensure the transfer is effective and recordable.

Grantor Identification

Full legal name of the business entity, entity type (e.g., LLC, corporation), state of formation, and capacity of signatory to establish authority to convey property.

Grantee Identification

Individual's full legal name and mailing address; use the exact name that should appear on title and any tax reporting documents to prevent clerical issues.

Legal Description

Complete recorded legal description or recorded map reference (not just street address) so the county recorder can accurately locate and index the property.

Consideration Clause

State the amount of consideration or note that the transfer is a gift; specify dollars or describe consideration precisely for tax and recording clarity.

Authority Statement

A clause showing the signer's authority (e.g., corporate resolution or LLC operating agreement citation) helps the recorder and title companies accept the deed.

Notary Acknowledgment

Standard notary block or RON acknowledgement as required by state law; a properly executed acknowledgment is usually required for recording.

Required Information and Core Fields at a Glance

Entity Name: Exact legal entity name
Individual Name: Full legal name of grantee
Property Description: Recorded legal description
Consideration: Dollar amount or 'for love and affection'
Effective Date: MM/DD/YYYY format
Signer Title: Officer title or manager role

Step-by-Step: Completing the Quit Claim Deed

Follow these steps to prepare, execute, and record a quit claim deed when transferring property from a business to an individual.

  • 01
    Prepare Draft: Populate party names, legal description, and consideration precisely.
  • 02
    Confirm Authority: Obtain corporate resolution or LLC consent showing signer authority.
  • 03
    Execute and Notarize: Sign before a notary or through approved RON procedure where allowed.
  • 04
    Record in County: Submit to county recorder with required recording fee and cover sheet.

How to Configure an Online eSigning Workflow for This Deed

Configure fields and signer authentication to match state recording and corporate governance requirements when using an eSignature platform.

Field Configuration
Upload Document Start with a final PDF using recorded legal description
Signature Field Place signature, printed name, and title fields for the grantor
Signer Authentication Use email plus SMS or KBA where stronger ID is needed
Notary / RON Enable remote online notarization if state permits

Digital Signing and Technical Requirements

Confirm the platform's audit trail, encryption standards, and RON support align with state recording and any lender or title company requirements.

  • Integrations: Salesforce, NetSuite, Google Workspace support
  • File Formats: PDF and DOCX accepted for uploads
  • Authentication: Email, SMS, and advanced 2FA options

Where to File and the Typical Submission Flow

Recording a quit claim deed typically progresses from preparation to county filing; follow local recorder rules for acceptable formats and fees.

  • Prepare Document: Complete deed and obtain required authorizations before signing
  • Notarize: Execute notary acknowledgement or RON certificate
  • Record at County: Deliver or e-file with the county recorder's office
  • Obtain Recorded Copy: Receive stamped copy and update title records

Timing Considerations and Recording Expectations

Be aware of timing that affects tax reporting, recording priority, and title chain clarity when transferring property from an entity to an individual.

Record Promptly:

Record soon after execution to preserve priority and public notice

Tax Reporting:

Gift or sale reporting deadlines may apply to the parties

Mortgage Notice:

Notify lenders if property is mortgaged to avoid default

Title Search:

Order title search prior to closing to find liens

Delivery of Copies:

Provide recorded copy to grantee and tax authorities as needed

Key Milestones in the Transfer Process

A clear sequence of milestones helps manage compliance, title transfer, and recording without overlooked steps.

01

Document Drafted

Complete deed text with legal description and consideration

02

Corporate Approval

Obtain resolutions or member consent authorizing the transfer

03

Execution and Notary

Sign in presence of notary or use approved RON workflow

04

County Recording

Submit deed and fee to recorder and obtain stamped copy

Common Preparation and Recording Errors to Avoid

  • Using an incomplete or informal property description instead of the recorded legal description can cause recording rejection or ambiguous title.
  • Signing without documented corporate authority or a certified resolution risks later challenges to the deed’s validity.
  • Failing to check for existing mortgages or liens may leave the grantee unexpectedly liable for encumbrances.
  • Mismatched names between ID, deed, and title records frequently cause delays and require corrective instruments.

Potential Legal and Financial Risks

Transfer Invalid: Deed may be void if signer lacked authority
Title Defect: No warranty increases grantee's exposure
Tax Liability: Gift or sale taxes may apply
Unpaid Liens: Mortgages or judgments remain enforceable
Recording Rejection: Clerical errors can lead to rejection
Fraud Allegations: Improper transfers can trigger litigation

Supporting Documents and How to Save Copies

Attach supporting records and retain digital and printed copies for the entity and grantee; keep originals where required by law or corporate policy.

Corporate Resolution

Certified corporate resolution or LLC consent showing approval to transfer, often required by title companies to accept the deed.

Prior Deed

Copy of the recorded prior deed or chain of title to confirm the legal description and ownership history.

Mortgage/Lien Statements

Payoff statements or lien releases when encumbrances exist; these documents affect the grantee's rights and recording outcomes.

Recorded Copy

Obtain the county-recorder-stamped copy and save as PDF/A for archival integrity and share with tax or title professionals.

eSignature Platform Pricing and Feature Snapshot

Comparison of common eSignature vendors and key plan/feature dimensions relevant to executing and managing deed workflows; signNow is listed first as the baseline platform example.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by vendor Varies by vendor Varies by vendor Varies by vendor
Bulk Send Yes (Business Premium) Varies by plan Varies by plan Varies by plan No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes (BAA available) Yes Yes No No

Frequently Asked Questions About Quit Claim Deeds

Answers to common questions about authority, recording, notarization, and post-recording steps when a business conveys property to an individual.


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