A quit claim deed, also known as a quitclaim or non-warranty deed, is a legal document that transfers ownership of real property from one party to another. Unlike other types of deeds, it does not guarantee the quality of the title being transferred.
In a quit claim deed, the grantor (the person transferring the property) makes no warranties about the condition of the title or any potential liens or encumbrances on the property.
A quit claim deed may be necessary in situations where the grantor does not have clear ownership or title to the property, such as when they are transferring property inherited from someone else.
In other cases, a quit claim deed might be used to transfer property between family members or friends, or to correct errors on previous deeds.
To prepare a quit claim deed, you will need to gather specific information about the property being transferred, including its legal description, tax ID number, and any outstanding liens or encumbrances.
Once prepared, the document must be signed in front of a notary public and recorded with the county clerk's office.