Fill and Sign the Quitclaim Deed from a Limited Liability Company to Two Individuals Florida Form

© 2016 - U.S. Legal Forms, Inc.       FLORIDA QUITCLAIM DEED [L.L.C. to Two (2) Individuals] Control Number: FL-075-77 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 Florida 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 and not as tenants in common , . . .” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Florida. 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 OF 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. This instrument prepared by, and please return to: Name       Address             Rec. $       Property Appraiser’s Parcel Doc.St. $       ID No.       QUITCLAIM DEED [L.L.C. to Two Individuals] THIS INDENTURE , made this       day of       , 20       , between: GRANTOR:       , a limited liability company organized under the laws of the of the State of       , and registered to do business in the State of Florida , whose address is       , in the City of       , State of       : AND GRANTEES:       , whose street address is       in the County of       , State of       ; and       , whose street address is       in the County of       , State of       ; WITNESSETH: That the Grantor, in consideration of the sum of $       , and other good and valuable consideration, does hereby remise, release, and quitclaim unto Grantees, as joint tenants with the right of survivorship and not as tenants in common , legal title to all that certain property in       County, Florida, to- wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Quitclaim Deed Page 1 of 2 Legal Description:       IN WITNESS WHEREOF, The said       has caused its name to be hereunto subscribed by its managing member on the day and year set forth below. Date:       Signed, sealed and delivered in the presence of:       A Limited Liability Company Company By: First Witness Signature Signature             Printed Name Type or Print Name Its:       Second Witness Signature       Type or Print Name STATE OF FLORIDA , COUNTY OF       The foregoing instrument was acknowledged before me this       (date) by       , in his capacity as             of       , a limited liability company, on behalf of the limited liability company. He is personally known to me or has produced       (type of identification) as identification. Notary Public       Type or Print Name Quitclaim Deed Page 2 of 2 My Commission expires:       Commission No.       Quitclaim Deed Page 3 of 2 EXHIBIT A Grantor:       Grantees:             Parcel Identification Number:       Legal Description:       Exhibit A