quitclaim deed

American  

noun

Law.

1. 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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Etymology

Origin of quitclaim deed

First recorded in 1750–60

Example Sentences

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

From Encyclopedia.com

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.

From Encyclopedia.com

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.

From Encyclopedia.com

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

From Encyclopedia.com

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

From Encyclopedia.com