Define: Quitclaim Deed

Quitclaim Deed
Quitclaim Deed
Quick Summary of Quitclaim Deed

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.

What is the dictionary definition of Quitclaim Deed?
Dictionary Definition of Quitclaim Deed
n. a real property deed which transfers (conveys) only that interest in the property in which the grantor has title.  
Full Definition Of Quitclaim Deed

Commonly used in transfers of title or interests in title, quitclaims are often made to family members, divorcing spouses, or in other transactions between people well-known to each other.

Quitclaim deeds are also used to clear up questions of full title when a person has a possible but unknown interest in the property. Grant deeds and warranty deeds guarantee (warrant) that the grantor has full title to the property or the interest the deed states is being conveyed, but quitclaim deeds do not warrant good title.

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This glossary post was last updated: 29th March, 2024.

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