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In Illinois, the Deed form plays a crucial role in the transfer of property ownership, serving as a legal document that outlines the details of the transaction. This form includes essential information such as the names of the grantor (the seller) and the grantee (the buyer), a description of the property being transferred, and the consideration or price paid for the property. It is important to accurately complete this form to ensure that the transfer is legally binding and recognized by the state. Additionally, the Deed must be signed and notarized to validate the transaction, and it should be filed with the appropriate county recorder’s office to provide public notice of the change in ownership. Understanding the components and requirements of the Illinois Deed form is vital for anyone involved in real estate transactions, as it protects the rights of both parties and helps to avoid potential disputes in the future.
PDF Specifics
| Fact Name | Description |
|---|---|
| Governing Law | The Illinois Deed form is governed by the Illinois Compiled Statutes, specifically 765 ILCS 1005. |
| Purpose | The primary purpose of the deed form is to transfer ownership of real property from one party to another. |
| Types of Deeds | Illinois recognizes several types of deeds, including warranty deeds, quitclaim deeds, and special warranty deeds. |
| Signature Requirement | The deed must be signed by the grantor (the person transferring the property) to be valid. |
| Notarization | A notary public must witness the grantor's signature for the deed to be legally enforceable. |
| Recording | To protect the interests of the new owner, the deed should be recorded with the county recorder's office. |
| Consideration | The deed must state the consideration, or the amount paid for the property, though it can be nominal. |
| Legal Description | A precise legal description of the property must be included to clearly identify the parcel being transferred. |
| Tax Implications | Transfer taxes may apply when recording the deed, and both parties should be aware of these potential costs. |
How to Write Illinois Deed
After obtaining the Illinois Deed form, you will need to complete it accurately to ensure it is legally valid. Follow these steps carefully to fill out the form correctly.
- Begin by entering the date at the top of the form. Use the format MM/DD/YYYY.
- In the section labeled "Grantor," write the full name of the person or entity transferring the property.
- Next, provide the address of the Grantor. Include the street address, city, state, and zip code.
- In the "Grantee" section, write the full name of the person or entity receiving the property.
- Provide the address of the Grantee, similar to the Grantor's address format.
- Describe the property being transferred. Include the legal description, which can usually be found in the property’s title deed or tax records.
- Indicate the consideration amount. This is typically the sale price or value of the property.
- Sign the form where indicated. The Grantor must sign, and the signature should be notarized.
- Include the name and address of the person who will receive the recorded deed. This is often the Grantee.
- Finally, check the form for accuracy and completeness before submitting it for recording.
Illinois Deed Example
Illinois General Warranty Deed Template
This Illinois General Warranty Deed is designed to transfer real property from one party to another, in accordance with the laws of the State of Illinois. Please fill in the blanks with the required information for the transaction.
Grantor: ________________ (Name of the person or entity selling the property)
Grantee: ________________ (Name of the person or entity buying the property)
Property Address: ________________ (Complete address of the property being transferred)
Legal Description:
______________________________________________________________________
______________________________________________________________________
This Deed is executed on the ____ day of ______________, 20___.
In consideration of the sum of $______________, the Grantor hereby conveys and warrants to the Grantee, the following described property:
1. Grantor's Covenants:
- The Grantor holds good and marketable title to the property.
- The property is free from any encumbrances, liabilities, or claims, except as stated in this document.
- The Grantor agrees to defend the title against all lawful claims.
Signatures:
_________________________ (Signature of Grantor)
_________________________ (Signature of Grantee)
Notary Public:
State of Illinois
County of ________________
Subscribed and sworn before me this ____ day of _______________, 20___.
_________________________ (Signature of Notary Public)
My Commission Expires: ____________
Important Notes:
- This deed should be recorded at the local county recorder’s office.
- Make sure to check local laws and regulations that may apply to this transaction.
Other Deed State Forms
How to Get a Copy of My House Deed - Protects against disputes related to property ownership and boundaries.
Broward County Real Estate Records - Different types of deeds serve varying legal purposes in property transfers.
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Estate Title - Proper completion of a deed form avoids potential legal disputes.