The grantor, who is selling the Illinois property deed, guarantees that they own the property and that it’s free and clear for sale to the buyer, known as the grantee. The most common types of deed forms include:Ī general warranty deed is a common Illinois deed form. The Illinois Department of Revenue provides a way to complete and submit this tax form online. ILLINOIS QUIT CLAIM DEED STATE OF ILLINOIS COUNTY KNOW ALL MEN BY THESE PRESENTS, That for and in consideration of the sum of. Transfers of property require payment of what’s known in Illinois as a Transfer Tax using form PTAX-203. A quit claim deed is a deed that transfers ALL of one parties’ interest to another party. The names of the parties shall be typed or printed below the signatures. All Quitclaim Deeds are prepared by an Illinois Real Estate Attorney. The fee to record documents with this office varies by county. Quitclaim deeds may be, in substance, in the following form. Illinois Quitclaim Deed form submission / Quitclaim Deed order. Deeds must be recorded in the county where the property changing hands is located.Įach county has a Recorder’s Office to record deeds and other documents. Virtue of the Homestead Exemption Laws of the. The law that governs the transfer of property and use of deed forms is the Illinois Conveyances Act (765 ILCS 5/). Situated in the County of Rock Island, State of Illinois, hereby releasing and waiving all rights under and by.
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