A quit claim deed, also known as a 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 or condition of the property being transferred.
In a quit claim deed, the grantor (the person transferring the property) releases all interest in the property and makes no warranties about its condition or any liens that may be attached to it.
Quit claim deeds are often used in situations where the grantor does not have any interest or rights to the property. This can include cases where the grantor has inherited the property, but does not want to take ownership of it.
In other cases, a quit claim deed may be used to transfer ownership of a property that is being sold or transferred as part of a divorce settlement.
To prepare a quit claim deed, the grantor must sign the document in front of a notary public. The document should be recorded with the county recorder's office where the property is located.
It is essential to have a lawyer review and draft the quit claim deed to ensure that it meets all legal requirements and accurately reflects the intentions of the parties involved.