Quitclaim Deed
(Commercial Transaction) (VA)

Summary

This quitclaim deed may be used to convey commercial property by a seller in Virginia. This quitclaim deed contains practical guidance and drafting notes. A quitclaim deed transfers only the seller's ownership interest in the property, if any, and does not include any warranties of title. If the seller acquired the property via foreclosure, bankruptcy, or a deed-in-lieu of foreclosure, the seller would likely want to use a quitclaim deed. A Virginia deed must contain the grantor's original signature, which should be in dark blue or black ink. See 17 Va. Admin. Code § 15-61-30. The signature must be notarized or proved by two witnesses. When a deed is signed by a person acting in any representative capacity, the signature of such representative may be acknowledged or proved in the same manner. See Va. Code Ann. § 55.1-600. Virginia counties may differ in recording requirements for deeds. Counsel for buyer should consult with local counsel and the county recorder to obtain specific formatting requirements prior to recording. For information on recording requirements in Virginia, see Va. Code Ann. § 17.1-223 et seq. and Recording Procedures (VA). For templates of other deeds to use in commercial transactions in Virginia, see General Warranty Deed (Commercial Transaction) (VA), Special Warranty Deed (Commercial Transaction) (VA), and Warranty Deed (Statutory) (Commercial Transaction) (VA). Quitclaim Deed (Commercial Transaction) (VA) For templates of deeds to use in residential transactions in Virginia, see General Warranty Deed (Residential Transaction) (VA), General Warranty Deed with English Covenants (Residential) (VA), Quitclaim Deed (Residential) (VA), Quitclaim Deed (Residential Transaction) (VA), and Special Warranty Deed (Residential Transaction) (VA). For guidance on Virginia acknowledgments, see Commercial Real Estate Ownership (VA). For information on recording real property documents in Virginia, see Recording Procedures (VA). For information on the process of buying and selling commercial real property in Virginia, see Purchasing and Selling Commercial Real Estate Resource Kit (VA) and Purchase and Sale of Commercial Real Property (VA). For information on the process of buying and selling residential real property in Virginia, see Residential Purchase and Sale Transactions Resource Kit (VA) and Purchase and Sale of Residential Real Property (VA). For information on ownership structures used when acquiring residential or commercial real property in Virginia, see Choice of Ownership Structure of Real Property (VA). For more on deeds in general, see Types of Deeds and Key Provisions. For information on deed transfer taxes, see Deed Transfer Tax State Law Survey. For general information on recording real property documents, see Recording Real Property Documents. For further guidance on acknowledgments, see Statutory Forms of Acknowledgment State Law Survey. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit.