Quitclaim forms are a part of the US law through which an owner of a property ‘quits’ his claim on the property prior to the transfer of the same to another party. Quitclaim forms are a must when it comes to transfer of ownership of any property. Quitclaim laws change from state to state. Arizona quitclaim deed should only be used if the name of the entity has been changed. This deed can only be used in the state of Arizona; even though most of the forms are the same each state has their own set of laws and procedures. The deed should be executed in the state where the property is located .Each country has their recording office where all the documents should be submitted.
Most quitclaim deeds are divided into three parts. Usually there will be two parts at the top of the form. One side is for the recorder’s use and other for the address of return. The middle of the form contains the information about the property and information about the parties involved in the deal. The bottom part is for the notary to acknowledge that he/she witnessed the signing of the deal.
Quitclaim deed is also used for changing the name of the title of the property; some of the valid reasons for changing the name can be because of the misspelling of the name in the title deed. As discussed early the main use of an Arizona quitclaim deed is during the event of a divorce when you and spouse has equal entitlements on a property and during divorce anyone of you should have it for this one of you have to quit the claim on the property. This can be even more complicated if a lender is involved. In this case only one of you would have an obligation towards the lender but claim of the property would be equally divided, this case calls for a quitclaim deed as during divorce this cannot be accepted. Quitclaim deeds are one of the most used legal forms in the US and each state differ in their laws and regulations. The point which should be kept in mind is that the deed should be taken from the state where the property is located.