What purpose does a Quitclaim Deed serve?

A Quitclaim deed is used to transfer a title to a property. This deed either transfers or releases a person’s interest in a property without mentioning the nature of the person’s interest.

Required information for the deed

A Quitclaim Deed requires the following information.

• Name of the grantor, transferor or seller

• Name of the City where the grantor resides

• Name of the County where the grantor resides

• Name of the State where the grantor resides

• Amount of consideration

• Name of the grantee, transferee or buyer

• Name of the City where the grantee resides

• Name of the County where the grantee resides

• Name of the State where the grantee resides

• Name of the County where the property is situated

• Name of the State where the property is situated

• Date on which the deed is signed

Along with the above details, the grantor and the grantee need to sign the deed in order to make it valid. The name of the State and County also need to be mentioned where the property is situated.

The deed also contains a separate portion where the Notary Public has to give certain details and sign (along with the date) as the witness of the deed.

Purpose of a Quitclaim Deed

A Quitclaim Deed is used to transfer property-title. Often, it is used to add a person to the property-title or to remove him/her from it. It can prevent a grantor from claiming the interest in the property later. Quitclaim Deeds are also used to cure some defects in the title and they are often used to transfer property-title between family members. This deed can also be signed when a grantor transfers a property title to the buyer. However, this deed doesn’t convey any warranty or covenant to the buyer.

A Quitclaim Deed is a legal document; therefore, it is advisable that you take help of an attorney while filling out the form. He/she can guide you on how to fill out the deed with correct information.