Quitclaim Deed

June 5, 2009

What is a Quitclaim Deed?

A quitclaim deed is a legal document that conveys interest or rights of a property by a grantor to a grantee. A grantor is the person or entity that owns the property and executes the deed transferring the interest of the property to another person or entity without warranty, while the grantee is the person or entity that receives the title to the property.

The term may be strange but a quitclaim deed is considered a very important legal document. When one sells real estate property, a quitclaim deed must be filed with your county transferring the property from owner to buyer. This agreement will demonstrate that the seller releases all his interests on the property to the buyer.

Instances when quitclaim is used are the following:

A father dies without leaving a will to his adult children. The children inherits property and may will quitclaim their interest to their mother so that she can sell the property or
A child sells his or her share to the rest of the siblings and uses a quitclaim deed to transfer all of his/her rights in the property to them.
In divorce situations, one spouse will quitclaim or “give up” his or her interest or rights in their conjugal home to the other.
Please take note however that a quitclaim deed does not transfer the land itself but only the interest of the grantor on the land. It never says that the grantor “grants” the property to the grantee.

Our Quitclaim Deed is a simple one page form that details the following:

•Name of the Grantor (Owner of Property)
•Description & Address of the Property
•Signatures & Witness

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