Once the document has been executed by all parties, acknowledged by a notary public, and filed with the county recorder, the property’s ownership will be legally transferred in the grantee’s name.
Contents |
Types (4)
General Warranty Deed – Transfers real property to a grantee with the full assurance that it is free of claims.
Download: PDF
Quit Claim Deed – A deed that conveys property without giving the grantee any security that no liens or encumbrances are accompany it.
Download: PDF
Special Warranty Deed – Gives the grantee a secured promise that the grantor has no liens and encumbrances associated with the property. However, it doesn’t guarantee that there are no claims against any previous owners.
Download: PDF, Word (.docx), OpenDocument
Transfer on Death Deed – This allows a property owner to convey real estate to an heir while keeping its title and rights until their death.
Download: PDF
Laws & Requirements
- Statutes: 765 ILCS 5 – Conveyances Act
- Formatting: 765 ILCS 5/9
- Signing Requirements (765 ILCS 5/20): Notary Public
- Where to Record (765 ILCS 5/28): County Recorder’s Office
- Recording Fees (55 ILCS 5/4-12002.1(1)): Minumum $20 plus an additional $9 for the Rental Housing Support Program State surcharge.
- Forms:
- Form PTAX-203 (PDF / Online): Unless the deed includes an exemption notation, this form must be filed with it.
- Form PTAX-203-A (PDF): For non-residential transfers if the sale price was over $1 million.
- Form PTAX-203-B (PDF): For beneficial interest transfers.
- Form PTAX-203-NR (PDF): For non-recorded transfers.
- Radon Disclosure (420 ILCS § 46/1): The seller is required to furnish potential buyers with two (2) documents regarding radon gas and its dangers: the Disclosure of Information on Radon Hazards and the Radon Testing Guidelines for Real Estate Transactions.
- Residential Property Disclosure Statement (765 ILCS 77/35 & 765 ILCS 77/20): Real property owners with the intention of selling their property must complete this document detailing the material condition of the property.