Quitclaim Deed

QUITCLAIM DEED

State of Vermont

RECORDING INFORMATION

Return Recorded Instrument To:
[________________________________]
[________________________________]
[________________________________]

Property Location:
Town/City of [________________________________]
County of [________________________________]
State of Vermont

Parcel/SPAN Number: [________________________________]

Map/Lot Reference: [________________________________]

(Reserve minimum 3-inch top margin on first page for recording stamp)

TABLE OF CONTENTS

1. Preamble and Parties
2. Consideration and Conveyance
3. Property Description
4. Reservations and Exceptions
5. Transfer Tax Compliance
6. Disclaimer of Warranties
7. Miscellaneous Provisions
8. Execution and Acknowledgment
9. Exhibit A — Legal Description

1. PREAMBLE AND PARTIES

KNOW ALL PERSONS BY THESE PRESENTS:

THIS QUITCLAIM DEED (this "Deed") is made and executed as of the [____] day of [________________________________], 20[____] (the "Effective Date"), by and between:

GRANTOR:
[________________________________]
(a) ☐ An individual residing at [________________________________]
(b) ☐ A [________________________________] (entity type) organized under the laws of [________________________________], with a principal address at [________________________________]
(Hereinafter referred to as "Grantor")

GRANTEE:
[________________________________]
(a) ☐ An individual residing at [________________________________]
(b) ☐ A [________________________________] (entity type) organized under the laws of [________________________________], with a principal address at [________________________________]
(Hereinafter referred to as "Grantee")

RECITALS

A. Grantor is the owner of certain real property situated in the Town/City of [________________________________], County of [________________________________], State of Vermont, more particularly described in Exhibit A attached hereto and made a part hereof (the "Property").

B. Grantor desires to convey, and Grantee desires to accept, all right, title, and interest of Grantor in and to the Property by quitclaim deed, for the consideration and on the terms and conditions set forth herein.

C. This conveyance is made without any covenant or warranty of title, express or implied.

2. CONSIDERATION AND CONVEYANCE

NOW, THEREFORE, in consideration of the sum of [________________________________] Dollars ($[________]) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged:

Grantor does hereby REMISE, RELEASE, AND FOREVER QUITCLAIM unto Grantee, and Grantee's heirs, successors, and assigns forever, ALL RIGHT, TITLE, INTEREST, CLAIM, AND DEMAND which Grantor has or may have in and to the Property described in Exhibit A, together with:

(a) All buildings, structures, and improvements thereon;
(b) All easements, rights-of-way, and appurtenances thereunto belonging;
(c) All hereditaments and privileges appertaining thereto;
(d) All right, title, and interest of Grantor in and to any streets, roads, or alleys abutting the Property;

TO HAVE AND TO HOLD the same unto Grantee and Grantee's heirs, successors, and assigns forever.

3. PROPERTY DESCRIPTION

The Property is situated in the Town/City of [________________________________], County of [________________________________], State of Vermont, and is more particularly described in Exhibit A attached hereto and incorporated herein by this reference.

Property Address (if available): [________________________________]

SPAN Number: [________________________________]

Prior Reference: Being the same premises conveyed to Grantor by deed of [________________________________] dated [________________________________], recorded in Volume [____], Page [____] of the [________________________________] Town Land Records.

4. RESERVATIONS AND EXCEPTIONS

This conveyance is made subject to:

(a) All easements, restrictions, covenants, conditions, and rights-of-way of record;
(b) Any and all municipal and state zoning ordinances and regulations;
(c) Real property taxes not yet due and payable;
(d) Any matters that would be disclosed by an accurate survey or physical inspection of the Property;
(e) Environmental regulations, including Act 250 (10 V.S.A. § 6001 et seq.) where applicable;
(f) Additional reservations, if any: [________________________________]

☐ Grantor specifically reserves the following rights: [________________________________]
☐ No additional reservations.

5. TRANSFER TAX COMPLIANCE

A. Vermont Property Transfer Tax (32 V.S.A. Chapter 231)

Pursuant to 32 V.S.A. § 9602, a properly completed Property Transfer Tax Return (Form PTT-172) must accompany this Deed when presented for recording, and the applicable transfer tax must be paid unless an exemption applies.

Transfer Tax Rate: The Vermont property transfer tax is imposed at the following rates:

• 0.5% of the first $100,000 of the purchase price for a principal residence;
• 1.45% of the amount above $100,000 for a principal residence;
• 1.45% of the total purchase price for non-principal residences.

Consideration for this conveyance: $[________]

Transfer tax due: $[________]

☐ An exemption is claimed under 32 V.S.A. § 9603. Exemption basis: [________________________________]

B. Party Responsible for Transfer Tax

[________________________________] shall prepare and file the PTT Return and pay any required transfer tax at or prior to recording.

C. Municipal Land Gains Tax (if applicable)

Certain municipalities may impose a local land gains tax. Verify applicability with the town clerk before recording.

6. DISCLAIMER OF WARRANTIES

A. No Covenants of Title

This conveyance is made WITHOUT COVENANTS OF TITLE OR WARRANTY OF ANY KIND, express or implied. Grantor makes no representations or warranties regarding:

(a) The state, condition, or quality of title to the Property;
(b) The existence or nonexistence of encumbrances, liens, or claims;
(c) The accuracy or completeness of the legal description;
(d) The condition, habitability, or fitness of the Property for any purpose;
(e) Environmental conditions affecting the Property;
(f) Compliance with zoning, building, or other governmental regulations.

B. "As-Is" Conveyance

Grantee accepts the Property "AS IS, WHERE IS, WITH ALL FAULTS" and acknowledges that Grantee has relied solely upon Grantee's own investigation and inspection of the Property.

C. No Reliance

Grantee acknowledges that no statement, representation, or warranty, express or implied, has been made by Grantor or any person acting on Grantor's behalf except as expressly set forth in this Deed.

7. MISCELLANEOUS PROVISIONS

A. Governing Law

This Deed shall be governed by and construed in accordance with the real property laws of the State of Vermont.

B. Venue

Any action arising out of or relating to this Deed shall be brought exclusively in the Vermont Superior Court sitting in the county where the Property is located.

C. Entire Agreement

This Deed constitutes the entire agreement between the parties with respect to the conveyance of the Property and supersedes all prior agreements or understandings, whether oral or written.

D. Successors and Assigns

This Deed shall bind and inure to the benefit of the parties and their respective heirs, personal representatives, successors, and assigns.

E. Severability

If any provision of this Deed is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

F. Counterparts

This Deed may be executed in two or more counterparts, each of which shall be deemed an original. An original with wet-ink signatures must be presented for recording.

G. Recording

Upon execution and acknowledgment, this Deed shall be promptly delivered to the town clerk of [________________________________] for recording in the land records.

8. EXECUTION AND ACKNOWLEDGMENT

IN WITNESS WHEREOF, Grantor has executed this Quitclaim Deed as of the Effective Date written above.

GRANTOR:

Individual Grantor:

____________________________________
[________________________________] (Print Name)

Entity Grantor:

[________________________________] (Entity Name)

By: ____________________________________
Name: [________________________________]
Title: [________________________________]

NOTARIAL ACKNOWLEDGMENT

STATE OF VERMONT
COUNTY OF [________________________________], SS.

On this [____] day of [________________________________], 20[____], before me, the undersigned notary public, personally appeared [________________________________], known to me (or proved to me through satisfactory evidence of identification, which was [________________________________]) to be the person whose name is signed on the preceding document, and acknowledged that (he/she/they) signed it voluntarily for its stated purpose.

☐ As an individual
☐ As [________________________________] (title) of [________________________________] (entity name), on behalf of said entity

____________________________________
Notary Public
Print Name: [________________________________]
My Commission Expires: [________________________________]

(Notarial Seal)

GRANTEE ACCEPTANCE (Optional — Vermont law does not require Grantee signature)

____________________________________
[________________________________] (Print Name)
Date: [________________________________]

9. EXHIBIT A — LEGAL DESCRIPTION OF THE PROPERTY

[Insert full metes-and-bounds description, lot and plan reference, or other legally sufficient description. The legal description should match the most recent vesting instrument exactly. If attaching a separate page, reference it here and ensure it is securely affixed.]

[________________________________]

RECORDING CHECKLIST

Before submitting this Deed for recording, verify the following:

☐ Deed signed by Grantor
☐ Vermont-compliant notarial acknowledgment with notary seal/stamp
☐ Completed Property Transfer Tax Return (Form PTT-172) submitted electronically to Vermont Department of Taxes
☐ Transfer tax payment (or exemption documentation)
☐ Recording fee check payable to the town clerk
☐ Return address clearly stated on first page of Deed
☐ Sufficient top margin (minimum 3 inches) on first page for recording stamp
☐ SPAN number included
☐ Prior deed reference included
☐ Legal description verified against prior vesting instrument

SOURCES AND REFERENCES

1. 27 V.S.A. § 341 — Recording of Deeds: https://legislature.vermont.gov/statutes/section/27/005/00341
2. 32 V.S.A. § 9602 — Property Transfer Tax: https://legislature.vermont.gov/statutes/section/32/231/09602
3. Vermont Department of Taxes — Property Transfer Tax: https://tax.vermont.gov/property/transfer-tax
4. Vermont Bar Association — Title Standards: https://www.vtbar.org
5. Vermont Secretary of State — Notary Public Information

This Quitclaim Deed is intended to comply with Vermont recording and conveyancing requirements. Vermont has unique recording practices (town-based rather than county-based). This template does not constitute legal advice. Consult a licensed Vermont attorney before finalizing and recording this document.