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Due to the lack of warranties for the buyer, Quitclaim Deed forms are only suitable when buyers have 100% trust in the seller.

Fix a defect on a property title, such as a misspelled nameĪlthough it's less common, Quitclaim Deeds can also be used when you're selling and transferring a title to a buyer.Remove a spouse's name from a title during divorce.Add a spouse's name to a title after marriage.Transfer property interest to an organization.Transfer property interest from a trust to an heir.Transfer property interest to a family member, such as a child or spouse.You can use a Quitclaim Deed for a variety of situations. It's for this reason that Quitclaim Deeds are most common for property transfers between people who have established, trusted relationships.Īlternatively, a Warranty Deed provides protections for buyers and recipients of real property. Therefore, this type of deed offers no protection for recipients. If a recipient receives real property through a Quitclaim Deed form and the title ends up having a defect, the transferring party can't be held liable for any damages the recipient experiences. Without a guarantee of ownership, another party, such as a bank or other lender, could have a legal claim on the property title without the recipient knowing. How does a Quitclaim Deed work?Ī Quitclaim Deed works by allowing the owner to transfer residential or commercial real property to a recipient without making assurances that the title is clear of any defects. People commonly misspell this document as "quick claim” deed. In addition, Quitclaim Deeds are mostly used for transactions that don't involve payment.Ī Quitclaim Deed is also known as a non-warranty deed. Using a Quitclaim Deed form is a fast and straightforward way to transfer an owner's property interest to another party.īecause there's no guarantee of ownership, Quitclaim Deeds are most often used between people who have a trusted and established relationship, such as family members. A Quitclaim Deed is a document that transfers ownership of real property, such as a house or piece of land, without a guarantee of ownership.