Quitclaim Deed Hold Harmless Agreement

The undersigned parties, as the Grantor and Grantee of the above referenced property, acknowledge that they understand that by signing the Quitclaim Deed for the above referenced property, no warranty of title has been given. JK Closing Attorneys has not been asked to, nor have they performed a title search, municipal lien search, or survey.

Grantor and Grantee understand that there may be tax consequences for executing the Quitclaim Deed and acknowledge that JK Closing Attorneys has advised them to consult an accountant and/or tax attorney regarding their tax liabilities.

Grantor and Grantee understand that they may be required to pay documentary stamps for this Deed to be recorded, and that opting not to pay documentary stamps may incur fees or penalties from the State of Florida.

Grantor and Grantee hereby indemnify and agree to hold harmless JK Closing Attorneys, PLLC and Westcor Land Title Insurance Company for any matters arising from the execution of this Quitclaim Deed, including but not limited to title defects, adverse tax implications, or other matters related to the subject property.

The attendant risks of signing and recording the quitclaim deed without performing a title search, survey, or receiving title insurance are wholly understood and completely assumed by the Grantor and Grantee. Risks include, but are not limited to:

• The actual, record owner of the subject property may differ from the deed Grantor by virtue of a defect or gap in the chain of title; and as a consequence, the deed may not transfer good and marketable title to the Grantee.
• The deed may be prepared with an incomplete or incorrect legal description of the subject property; and as a consequence, it may not transfer good and marketable title of the intended property, or it may transfer title of a property not intended to be transferred.
• Scrivener errors such as an incomplete granting or acknowledgement clause may cause the deed to be deficient; and as a consequence, the transfer of title may be ineffective, or remedial action may be required at a later date to perfect the transfer.
• Debt obligations of the Grantor, secured by consensual or non-consensual liens recorded against the subject property during the Grantor's period of ownership, could be accelerated (e.g., a mortgage may include a "due on sale" clause) or foreclosed.
• A previously recorded and unsatisfied judgment against the Grantee could attach to the subject property upon recording of the quitclaim deed.
• A transfer of ownership may adversely affect the right or ability of the Grantee to advance a claim or claims under any owner's policy of title insurance or homeowner's insurance.
• The transfer of property to an entity may require documentary stamp taxes. JK Closing Attorneys has advised client to seek counsel from a tax consultant and has offered to collect doc stamps on this deed. If there are no doc stamps paid, then client has opted to forgo paying doc stamps on the advice of tax consultants or of their own accord. JK Closing Attorneys is not liable for any fees or penalties collected by the state for failure to pay doc stamps on this deed.
• If the property is governed by a homeowner's or condominium association, the association may require approval for the Grantee to obtain title.
• The choice of tenancy may affect the rights and interests of the Grantee's heirs, successors, or assigns.
• By signing and recording a quitclaim deed, the Grantor may be giving up all right, title, and interest in and to the subject property.

The information on this website is for general informational purposes only and does not constitute legal advice. This website does not create an attorney-client relationship. JK Closing Attorneys, PLLC acts as closing and deed preparation attorney; it does not represent either the Grantor or Grantee as counsel in any dispute arising from this transfer. Each transaction is reviewed by a licensed Florida attorney. Documentary stamp taxes and other governmental fees may apply in addition to the flat fee and are the client's sole responsibility.

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