An Illinois quit claim deed is a quick way to transfer property from a grantor to a grantee without assurances regarding title quality. Unlike the general warranty deed, a quit claim deed provides no guarantee to the grantee that the title is free of liens or encumbrances. This is the riskiest form of title transfer for the grantee and should be reserved for transactions between parties that know and trust each other. This deed is commonly used to add or remove names to a title, for example, newly married or recently divorced parties, or to clear up certain title defects.
- Statute: 765 ILCS 5/10
- Form PTAX-203 (PDF / Online): This form must be filed with the deed unless an exemption notation is included.
- Form PTAX-203-A (PDF): If the sale price was over $1 million and the property was non-residential
- Form PTAX-203-B (PDF): For beneficial interest transfers.
- Form PTAX-203-NR (PDF): For transfers that are not recorded.
- Formatting: 765 ILCS 5/9
- Signing Requirements (765 ILCS 5/20): Notary Public
- Where to Record (765 ILCS 5/28): County Recorder’s Office