Quitclaim Deed
Simplest of all deeds whereby the seller promises to only convey whatever interest he or she may have. He or she simply states that he or she is quitting any claim he or she has to the land. If a contract makes no mention as to the type of deed to be delivered at closing, then only a quitclaim deed need be tendered.
- Example : Jane gifts ownership of her house to Ron, her brother. Jane wants to gift the property to Ron, and does not want to go through a traditional sale process. Jane executes a simple quitclaim deed to Ron to transfer her ownership interest in the property.
