Definition: A quitclaim deed transfers whatever present interest the grantor has in the described real property, if any, without warranties that the title is good.
Example
A person releases a possible ownership claim to another owner using a quitclaim deed. The document transfers that person’s existing interest, if there is one.
Keep the distinction clear
The deed does not promise that the grantor owns an interest or that title is free of defects. A quitclaim deed can convey a valid interest; its defining feature is the absence of title warranties.
Related terms
Deed · General Warranty Deed · Grantor · Title
Keep studying
Deeds, Abstracts, Title Opinions, and Title Insurance
References: Cornell LII: Quitclaim deed
Pronunciation (US): KWIT-klaym DEED (capitals show stress)
Pronunciation reference: Merriam-Webster
Comments
0 comments
Article is closed for comments.