Fill and Sign the Quitclaim Deed Three Grantors to Two Grantees Tennessee Form

© 2016 - U.S. Legal Forms, Inc.       TENNESSEE QUITCLAIM DEED [Three Grantors to Two Grantees] Control Number: TN-028-77 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 Tennessee, 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 joint tenants with the right of survivorship , . . .” OR “. . . as tenants by the entireties , . . .” III. 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This Instrument prepared by:       QUIT CLAIM DEED KNOW ALL MEN BY THESE PRESENTS , that: GRANTORS:       ,       , and       , individuals , for and in consideration of the sum of One and no/100 Dollars, do hereby bargain, sell, release, remise, quit claim and convey unto GRANTEES:       , and       , husband and wife , as       , all right, title and interest in and to the following described real estate, to wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Unit       , (Week       and Share       ) in       (Name of property of which the timeshare is a part), being a timeshare estate subject to a time share program created under the Tennessee Time Share Act of 1981, by a time share instrument dated the       day of       ,       , and recorded the       day of       ,       in the Office of the Register of Deeds for       County, Tennessee, in Book       , at Pages       or as Instrument No.       . IN TESTIMONY WHEREOF, the Grantors have executed this Quitclaim Deed on the day and year set forth below. Date:       Date:       (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print Name Print Name Date:       (3 rd Grantor’s Signature)       Print Name Quitclaim Deed Page 1 of 3 State of Tennessee , County of       Personally appeared before me, the undersigned, a Notary Public within and for said State and County aforesaid, duly commissioned and qualified,       , the within named bargainer, with whom I am personally acquainted, or proved to me on the basis of satisfactory evidence, and who acknowledged that he executed the foregoing instrument for the purposes therein contained. Witness my hand and seal at office this ______ day of __________________ , 20 ______ . Notary Public My commission expires:             Print or Type Name State of Tennessee , County of       Personally appeared before me, the undersigned, a Notary Public within and for said State and County aforesaid, duly commissioned and qualified,       , the within named bargainer, with whom I am personally acquainted, or proved to me on the basis of satisfactory evidence, and who acknowledged that he executed the foregoing instrument for the purposes therein contained. Witness my hand and seal at office this ______ day of __________________ , 20 ______ . Notary Public My commission expires:             Print or Type Name State of Tennessee , County of       Personally appeared before me, the undersigned, a Notary Public within and for said State and County aforesaid, duly commissioned and qualified,       , Quitclaim Deed Page 2 of 3 the within named bargainer, with whom I am personally acquainted, or proved to me on the basis of satisfactory evidence, and who acknowledged that he executed the foregoing instrument for the purposes therein contained. Witness my hand and seal at office this ______ day of __________________ , 20 ______ . Notary Public My commission expires:             Print or Type Name STATEMENT OF CONSIDERATION I, or we, hereby swear or affirm that to the best of affiant's knowledge, information, and belief, the actual consideration for this transfer is $       . Affiant STATE OF TENNESSEE COUNTY OF __________________ Subscribed and sworn before me this the       day of       , 20       . ________________________________ Notary Public My commission expires:       The following information is not a part of this Deed: Property Address:             Owner's Names and Addresses:                                                       Quitclaim Deed Page 3 of 3 Parcel Number       Mail Tax Bills to:                   Quitclaim Deed Page 4 of 3 EXHIBIT A Grantors:                   Grantees:             Legal Description:       Exhibit A