Colorado Quitclaim Deeds
What is a Quitclaim Deed?
A quitclaim deed is a legal instrument by which the owner of a piece of real property, called the grantor, transfers his interest to a recipient, called the grantee. The owner/grantor terminates ("quits") his right and claim to the property, thereby allowing claim to transfer to the recipient/grantee.
Quitclaim Deeds are versatile and can be used to add or remove someone from the title, change ownership from joint tenants to tenants in common, or clear up problems with the title. In a situation where there are two or more Grantees specified in a Deed, the type of tenancy desired must be specified. If the parties hold title as "joint tenancy" then upon the death of the co-owner, the interest of this person would pass automatically to the surviving co-owner or owners (right of survivorship). Alternatively, if the parties hold title as "tenants in common", then upon the death of a co-owner, the decedent's interest passes to and through the decedent's estate.
What do you do With a Filled out Quitclaim Deed Form?
Once the Colorado quitclaim deed form is filled out, the grantor(s) (you) must sign the deed in front of a notary. You can find a notary at many banks. There are no notaries at the clerk and recorder's office where you will go to file the quitclaim deed form. You must have the deed notarized before it can be filed.
There is a fee to file a quitclaim deed form. Contact the Clerk and Recorder's office for the county where the property is located to get the most up-to-date fee schedule. The clerk and recorder's office will take your original quit claim deed and send it back to you once it has been recorded. You should make an extra copy of the quitclaim deed for yourself before you take it to the clerk's office.
To Learn more about Colorado Quitclaim Deeds, check out Bradford's Blog!
Here are some guidelines to help fill out two types of Colorado QuitClaim Deeds.
Quitclaim Deed, to Joint Tenants
Colorado Quitclaim Deed (to Individuals or Tenants in Common)