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In Illinois, the deed form plays a crucial role in the transfer of property ownership. This legal document serves as a written record that outlines the specifics of the property being conveyed, including its legal description and the names of the parties involved in the transaction. Various types of deeds exist, such as warranty deeds and quitclaim deeds, each offering different levels of protection and assurance to the buyer. The form must be completed with accurate information and signed by the grantor, the individual transferring the property. Additionally, the deed must be notarized and recorded with the county clerk to ensure its validity and to provide public notice of the change in ownership. Understanding the intricacies of the Illinois deed form is essential for anyone involved in real estate transactions, as it lays the foundation for legal property rights and responsibilities.

Example - Illinois Deed Form

Illinois Deed Template

This deed template is designed to comply with the Illinois Compiled Statutes. It is intended for the transfer of property in the state of Illinois. Users are advised to consult a lawyer to ensure completeness and accuracy before using this template for official transactions.

Preparation Statement

This document was prepared by ___________________________________ (name of the preparer).

Property Information

The property subject to this deed is legally described as follows:

  • Street Address: ___________________________________
  • City, County: ___________________________________
  • State: Illinois
  • Legal Description: ___________________________________
  • Parcel Identification Number (PIN): ___________________________________

Grantor Information

The Grantor(s) transferring the property:

  1. Name: ___________________________________
  2. Address: ___________________________________
  3. State of Residence: ___________________________________

Grantee Information

The Grantee(s) to whom the property is being transferred:

  1. Name: ___________________________________
  2. Address: ___________________________________
  3. State of Residence: ___________________________________

Conveyance

The Grantor(s) hereby convey to the Grantee(s), their heirs or assigns, the property described above, together with all the improvements, rights, and appurtenances belonging to the said property, free from all encumbrances, except as specifically set forth herein.

Consideration

The total consideration for this transfer is $___________________________________.

The payment is to be made in the manner following: ___________________________________.

Signature and Acknowledgement

This deed is executed on the _____ day of _______________, 20__.

In witness whereof, the Grantor(s) have signed this deed:

_______________________________ _______________________________

Grantor's Signature Date

_______________________________ _______________________________

Grantee's Signature Date

This document was acknowledged before me on ___________________ by ___________________________________.

____________________________________

Notary Public

My Commission Expires: ______________

PDF Form Properties

Fact Name Description
Governing Law The Illinois Deed form is governed by the Illinois Compiled Statutes, specifically 765 ILCS 1005.
Types of Deeds Common types include Warranty Deed, Quitclaim Deed, and Special Warranty Deed.
Execution Requirements The deed must be signed by the grantor in the presence of a witness.
Notarization A notary public must acknowledge the grantor's signature for the deed to be valid.
Recording The deed should be recorded with the county recorder's office to provide public notice.
Consideration The deed should state the consideration, which is the value exchanged for the property.
Legal Description A complete legal description of the property must be included in the deed.
Transfer Tax Illinois imposes a transfer tax on the conveyance of real property, which must be paid at the time of recording.
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