This form is a Quitclaim Deed, without Quitclaim Warranties, where the Grantors are three Individuals and the Grantee Trust. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.
Quitclaim with covenant is a type of legal document commonly used in real estate transactions, providing a detailed description of the rights and interests being transferred from one party to another. This particular type of quitclaim deed includes additional covenants or promises made by the granter (seller) to protect the title and assure the grantee (buyer) that there are no hidden encumbrances or claims against the property. In a standard quitclaim deed, the granter simply releases any claim or interest they may have in the property, without making any guarantees or warranties. However, a quitclaim with covenant goes beyond that, offering certain assurances to the grantee. These covenants typically include the following: 1. Covenant of basin: The granter guarantees that they hold legal and rightful ownership of the property and have the authority to transfer it to the grantee. 2. Covenant against encumbrances: The granter promises that the property is not burdened by any liens, mortgages, easements, or other encumbrances that could affect the grantee's ownership rights. 3. Covenant of quiet enjoyment: The granter assures the grantee that they will not be disturbed by any third-party claims or legal actions asserting ownership rights over the property. 4. Covenant of further assurance: The granter commits to taking any necessary actions to rectify any defects in the title or defend the grantee's ownership in case of future disputes. It is important to note that quitclaim with covenant is not as strong as a general warranty deed, which offers more comprehensive guarantees and protections. While quitclaim with covenant provides certain assurances, it does not provide the same level of coverage against title defects. Different variations or names for quitclaim with covenant may exist depending on the jurisdiction or local legal terminology. In some states, it may be referred to as a special warranty deed or limited warranty deed. These documents share similarities and usually include similar covenants, but specific terminology and legal requirements can vary from state to state. It is essential to consult with a qualified real estate attorney or expert in your jurisdiction to ensure compliance with local laws and regulations.
