Quitclaim
noun
A quitclaim is a type of deed that transfers a person's interest in a property to another person without providing any warranties.
She signed a quitclaim to transfer ownership of the property to her ex-husband.
Usage tips
Formal
quitclaim deed,quitclaim transfer,quitclaim property
noun
A quitclaim is a type of deed that transfers a person's interest in a property to another person without providing any warranties.
She signed a quitclaim to transfer ownership of the property to her ex-husband.
Usage tips
Formal
quitclaim deed,quitclaim transfer,quitclaim property
Definition 1 of 1
Pro Tip 1/3Legal Context
Understand that quitclaims do not ensure the title is clear.
A quitclaim can be useless if there are existing liens.
Pro Tip 2/3Family Transactions
Often used between family members to avoid the complexities of a full sale.
When transferring property among relatives, quitclaims are common.
Pro Tip 3/3Insecure Transfer
Be aware that this type of transfer comes with risks.
Using a quitclaim may leave you owning disputed property.
Pro Tip 1/3Legal Context
Understand that quitclaims do not ensure the title is clear.
A quitclaim can be useless if there are existing liens.
Pro Tip 2/3Family Transactions
Often used between family members to avoid the complexities of a full sale.
When transferring property among relatives, quitclaims are common.
Pro Tip 3/3Insecure Transfer
Be aware that this type of transfer comes with risks.
Using a quitclaim may leave you owning disputed property.
Pro Tip 1/3Legal Context
Understand that quitclaims do not ensure the title is clear.
A quitclaim can be useless if there are existing liens.
Pro Tip 2/3Family Transactions
Often used between family members to avoid the complexities of a full sale.
When transferring property among relatives, quitclaims are common.
Pro Tip 3/3Insecure Transfer
Be aware that this type of transfer comes with risks.
Using a quitclaim may leave you owning disputed property.
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