Definitions for quitclaim deed
quit·claim deed

Princeton's WordNetRate this definition:0.0 / 0 votes

1. quitclaim, quitclaim deednoun

   document transferring title or right or claim to another

WikipediaRate this definition:0.0 / 0 votes

1. quitclaim deed

   Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land. Originally a common law concept dating back to Medieval England, the expression is in modern times mostly restricted to North American law, where it often refers specifically to a transfer of ownership or some other interest in real property.Commonly, quitclaims are used in situations where a grantor transfers any interest they have in property to a recipient (the grantee) but without offering any guarantee as to the extent of that interest. There may even be no guarantee that the grantor owns the property or has any legal interest in it whatsoever. Specific situations where a precise definition of the grantor's interest (if any) may be unnecessary include property transferred as a gift, to a family member, or into a business entity. The legal instrument by which the transfer is effected may be known as a quitclaim deed or quitclaim agreement. Details of the instrument itself, and the typical circumstances of use, vary by U.S. state.

ChatGPTRate this definition:0.0 / 0 votes

1. quitclaim deed

   A quitclaim deed is a legal document that transfers one's interest in a particular property to another person, without making any warranties or guarantees about the property's title. It effectively releases a person's ownership claim or rights to the property, hence the term-"quitclaim". It doesn't ensure that the person transferring the interest (grantor) legally owns the property or that the property is free from other claims or liens; it simply passes along any interest the grantor may have. This type of deed is often used among family members or in divorce situations.

WikidataRate this definition:0.0 / 0 votes

1. Quitclaim deed

   A quitclaim deed is a legal instrument by which the owner of a piece of real property, called the grantor, transfers his or her interest to a recipient, called the grantee. The owner/grantor terminates his or her right and claim to the property, thereby allowing claim to transfer to the recipient/grantee. Unlike most other property deeds, a quitclaim deed contains no title covenant and thus, offers the grantee no warranty as to the status of the property title; the grantee is entitled only to whatever interest the grantor actually possesses at the time the transfer occurs. This means that the grantor does not guarantee that he or she actually owns the property at the time of the transfer, or if he or she does own it, that the title is free and clear. It is therefore possible for a grantee to receive no actual interest, and – because a quitclaim deed offers no warranty – have no legal recourse to recover their losses. Further, if the grantor should acquire the property at a later date, the grantee is not entitled to take possession, because the grantee can only receive the interest the grantor held at the time the transfer occurred. In contrast, other deeds often used for real estate sales contain warranties from the grantor to the grantee that the title is clear and/or that the grantor has not placed any encumbrance against the title.

Matched Categories

1. • Conveyance
   • Law

How to pronounce quitclaim deed?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say quitclaim deed in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of quitclaim deed in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of quitclaim deed in Pythagorean Numerology is: 6

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=quitclaim deed
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Quitclaim_Deed
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=quitclaim deed