Content Overview
Form Breakdown
| Fact Name | Description |
|---|---|
| Purpose of the Deed | The Illinois Deed form is used to transfer ownership of real property from one party to another, ensuring that the transaction is legally recognized. |
| Types of Deeds | In Illinois, common types of deeds include warranty deeds, quitclaim deeds, and special warranty deeds, each serving different purposes and levels of protection for the buyer. |
| Governing Law | The Illinois Deed form is governed by the Illinois Compiled Statutes, specifically 765 ILCS 1005, which outlines the requirements for property conveyance. |
| Signature Requirements | To be valid, the deed must be signed by the grantor (the person transferring the property) and must also be notarized to confirm the authenticity of the signatures. |
| Recording the Deed | After execution, the deed should be recorded with the county recorder's office to provide public notice of the ownership transfer and protect the rights of the new owner. |
Sample - Illinois Deed Form
Illinois Deed Template
This template is intended for use in the State of Illinois and complies with Illinois Compiled Statutes, Chapter 765, Section 5/3-1 et seq.
THIS DEED made this ___ day of ____________, 20___, by and between:
Grantor(s):
- Name: _______________________________________________
- Address: _____________________________________________
And:
Grantee(s):
- Name: _______________________________________________
- Address: _____________________________________________
WITNESSETH: That the Grantor(s), for and in consideration of the sum of $_____________ and other good and valuable consideration, the receipt of which is hereby acknowledged, do hereby grant, convey and warrant to the Grantee(s), the following described real estate situated in the County of ____________, Illinois:
Legal Description:
______________________________________________________________
______________________________________________________________
TO HAVE AND TO HOLD the above-described premises, with all the rights, privileges, and appurtenances thereunto belonging, unto the Grantee(s) and the Grantee(s) heirs and assigns forever.
IN WITNESS WHEREOF, the Grantor(s) have hereunto set their hand(s) and seal(s) the day and year first above written.
Grantor(s):
________________________________________ (Signature)
________________________________________ (Printed Name)
Grantee(s):
________________________________________ (Signature)
________________________________________ (Printed Name)
STATE OF ILLINOIS
COUNTY OF ____________________
Subscribed and sworn to before me this ___ day of ____________, 20___.
________________________________________ (Notary Public)
My commission expires: __________________
Common mistakes
When filling out the Illinois Deed form, many people make common mistakes that can lead to complications later on. One frequent error is not providing the correct legal description of the property. A simple address may seem sufficient, but the legal description must be precise. This description often includes details such as lot numbers or metes and bounds. Omitting this information can result in confusion about the property being transferred.
Another mistake is failing to properly identify the parties involved in the transaction. The grantor, or seller, and the grantee, or buyer, must be clearly stated. People often forget to include full names or use nicknames instead. This can create issues with the validity of the deed. Always double-check that names are spelled correctly and that the right individuals are listed.
In addition, many individuals overlook the importance of signatures. All required parties must sign the deed for it to be valid. Some may assume that a single signature is enough, but this is not the case. If there are multiple owners, each one needs to provide their signature. Not doing so can lead to disputes or challenges to the deed's legitimacy.
Lastly, people often forget to consider the notarization requirement. A deed must be notarized to be legally binding. Some individuals may think that filling out the form is all that is needed. However, without a notary’s seal, the deed may not be recognized by the county recorder’s office. It’s essential to ensure that the document is properly notarized before submission.
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