![]() Essentially, this means that a quitclaim doesn’t provide any warranties in title meaning that the title might be clear or not. Note, however, that despite the quitclaim’s efficiency in transferring rights to property efficiently, the deed does not come with any warranties on the property title under conveyance hence a non-warranty deed. In the legal world of real estate, the party transferring their property rights is the grantor while the recipient of the rights is the grantee. So, if you hear someone calling it a quick claim deed, know that they are mistaken. It is also called a non-warranty deed or simply a quitclaim. It is commonly used by family members gifting or transferring their rights in the property to their children or siblings. This real estate deed is a legal instrument used to facilitate the conveyance of rights in property from one person to another. But before we look at how you can use the quitclaim deed, let’s look at the basics of the deed. So, if you are transferring property to someone else, this might be the real estate deed you want to use. It is the most popular real estate deed, and its creation takes little time. How to Prepare a Valid Quitclaim Deed in OregonĪ quitclaim deed is a type of the real estate deed. ![]() Do any of these situations apply to this Quitclaim Deed?.Required for an oil and gas lease valued at less than $100.00. ![]()
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