What does Quit-Claim Deed mean?

Quit-claim deeds are generally used as a quick and easy way to transfer property with minimal legal formalities. It's important to note that a quitclaim deed only conveys whatever interest the grantor has in the property, if the grantor doesn't have any interest in the property, then the grantee will not acquire any interest either.

Related Terms

Listing Inventories Discount Points Real Estate Broker Agency Blanket Mortgage Tenant Improvements Fixed Installment Administrator's Deed Free-Market Lots Term Length Subdivision Patent Defect Estate Replacement Cost Covenants, Conditions and Restrictions (CC&Rs) Ranch Style Property Tax Deduction Certificate of Deposit (CD)