Quick Claim Deed Definition and Meaning


Understanding the quick claim deed definition will allow you to know what you are dealing with when you are presenting a quick claim deed or you are negotiating with one. On this page you are not only going to get the definition but you are also going to be able to learn some other things that may help you to get a better understanding of what this type of deed is used for. Once you have read through all of the following information you will be able to figure out the meaning of a quick claim deed.

The definition of a quick claim deed is a legal instrument that is used to transfer the ownership of a property from one person to another. This type of deed falls under contract law for real property, so when you are using one you are transferring property such as real estate or other types of tangible property from one person to another. The deed that is being used guarantees that the grantor (the person transferring the property) will not make a claim of ownership on a piece of real property once it is transferred.

A quitclaim deed is different than a warrant deed which is also used to transfer property. A warranty deed is one that guarantees that the grantor of the deed owns the property and no one else has a claim on it. A quick claim deed does not make this type of guarantee. That is why you have to be careful when you are negotiating with one. The grantor of this type of deed is stating that they will not make a claim on the property but they are not guaranteeing that there is nobody else that has a claim. When you are using one of these deeds to transfer a piece of real property you want to make sure there is nobody else that can come in and claim any portion of ownership over the property in question.

Now that you know the quick claim deed definition you have a better understanding of what you are getting yourself into when using one. The positive thing about using one of these deeds is that it is very inexpensive to create one or to have one created. On the other hand, you want to make sure that there is nobody that can come in and claim rights to the property that is being transferred. As long as you understand the deal you are making using one of these deeds you will know what to look out for to protect yourself.


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