Lincoln County Quitclaim Deed (Partnership or Limited Partnership Grantor) Form

A partnership's authority to convey New Mexico real estate is read in the county land records, not at the secretary of state's office alone. This quitclaim deed is configured for one partnership grantor, general or limited, and it gives a numbered line to the recorded statement of partnership authority that NMSA 1978, Section 54-1A-303 makes conclusive in favor of a purchaser who gives value. One partner or general partner signs it, in the partnership name.

The firm owns the land, and the statutes say who can move it

Partnership property in New Mexico belongs to the partnership as an entity: Section 54-1A-201 makes the firm distinct from its partners, and Section 54-1A-501 states that a partner is not a co-owner of partnership property. Section 54-1A-302(a)(1) then answers the deed question directly, providing that property held in the name of the partnership may be transferred by an instrument of transfer executed by a partner in the partnership name, subject to the effect of a statement of partnership authority. A limited partnership answers to the Uniform Revised Limited Partnership Act instead, where a general partner's signing of a record in the partnership's name in the ordinary course binds the firm under Section 54-2A-402, while a limited partner holds no such power.

The limitation that lives in the land records

Limits on a partner's authority ordinarily sit where only partners look; real property is the exception. A grant of authority to transfer real property held in the partnership name is conclusive in favor of a person who gives value without contrary knowledge when a certified copy of the filed statement is recorded in the office for recording transfers of that property, and only while no certified copy of a limitation is on record there (Section 54-1A-303(d)(2)). Section 3 of this form identifies such a statement by recording date and document number, so the deed points a title examiner at the record that governs it. The certified copy is recorded as its own instrument and is not part of this package.

What this configuration carries

The grantor entry takes the partnership name, the type of partnership (general, limited liability, limited, or limited liability limited), the jurisdiction under whose law it is organized, and its mailing address. A numbered section names the individual who will sign and that individual's capacity, Partner or General Partner, and the same name and capacity reappear in the single acknowledgment certificate, worded to the representative capacity short form of Section 14-14A-15. No spouse joins: land titled in a partnership name is neither community real property nor a spousal cotenancy, the two things the joinder rule of Section 40-3-13 reaches. A firm releasing whatever interest it holds in a parcel standing of record in individual names, a partnership quitclaiming to a grantee who takes the title as the record leaves it, and a limited partnership conveying a tract to a general partner under the partnership agreement all present the single partnership grantor pattern this deed recites. Two firms conveying together, and land standing of record in the partners' own names, present configurations it does not recite.

No covenants, and one gate at the clerk's window

Warranty in New Mexico is assembled from two defined phrases, and a deed that leaves both out pulls in no implied covenant of title whatever: Section 47-1-37 hangs the full package on the words warranty covenants, and Section 47-1-38 hangs a narrower package on special warranty covenants. This instrument uses neither phrase, states that posture in capital letters, and passes the interest the partnership holds at delivery, with recorded liens and easements riding through untouched. The clerk of the county holding the land charges a flat twenty five dollars for a document indexed in ten or fewer entries; acknowledgment is the single statutory gate, and the state levies no transfer tax. Residential property brings a confidential declaration of the transfer terms to the county assessor within thirty days.

What the download prepares

The download prepares this partnership grantor configuration as a fillable PDF, with a completed example filled in for a Valencia County lot and a plain-language guide covering each numbered section, the authority statutes behind the signature block, the forms in which grantees may hold New Mexico title, and the recording steps. Searches arrive as a partnership quit claim deed or a quick claim deed; the statutes spell it quitclaim. This is general information rather than legal advice, and a New Mexico attorney can read a partnership agreement against a chain of title.