How Do You Use A Quit Claim Deed?
A quit claim deed is a relatively easy, inexpensive way to transfer real estate from one individual or entity to another. For example, quit claim deeds can be used to transfer property between family members (or ex-members, as such deeds are common in divorce cases). Other uses include transferring property from an individual to a business, clearing up a title problem, and changing the title (such as from community property to an individual or from tenant-in-common to joint tenants). A quit claim deed does not guarantee the title is clear. By contrast, deeds used for real estate sales (called grant deeds or warranty deeds, depending on the jurisdiction) contain guarantees from the grantor to the grantee that the title is clear. Obtain a quit claim form. While you won’t need a lawyer, you will need to obtain a legal form with the necessary wording. You can download a quit claim form for free from the Internet, but make sure you obtain it from a reputable site. As this is an important do
