QUITCLAIM DEED Definition & Meaning

quitclaim deed

noun

Law.

a deed that conveys to the grantee only such interests in property as the grantor may have, the grantee assuming responsibility for any claims brought against the property.

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51�Թ� History and Origins

Origin of quitclaim deed¹

First recorded in 1750–60

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Example Sentences

Examples have not been reviewed.

Most quitclaim deeds will require the following elements to be considered valid:

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There are no protections offered in the quitclaim deed, which is one reason why it is not used as often as the general warranty deed.

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If you’re going through a divorce, planning your estate or getting married and need to transfer real estate property, a quitclaim deed may be your best alternative.

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You would use a quitclaim deed for property that is not involved in a sale.

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The main purpose of a quitclaim deed is to transfer the ownership of real estate from one person to another.

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