Other than possibly the deed, the contract is the single most important document. The grantor, who is selling the Illinois property deed, guarantees that they own the property and that it’s free and clear for sale to the buyer, known as the grantee. BEWARE: IF YOU SIGN A CONTRACT THAT DOES NOT CONTAIN AN ATTORNEY REVIEW. The most common types of deed forms include:Ī general warranty deed is a common Illinois deed form. and that the deed references all easements, restrictions, or other agreements of record. The Illinois Department of Revenue provides a way to complete and submit this tax form online. A warranty deed is a legal document used to transfer, or convey. merchantable title to the Real Estate by recordable Warranty Deed. Transfers of property require payment of what’s known in Illinois as a Transfer Tax using form PTAX-203. check one has has not received a completed Illinois Residential Real Property. The fee to record documents with this office varies by county. Deeds must be recorded in the county where the property changing hands is located.Įach county has a Recorder’s Office to record deeds and other documents. The law that governs the transfer of property and use of deed forms is the Illinois Conveyances Act (765 ILCS 5/).
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