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The quitclaim deed typically includes the purchase price, a description of the property, and how the buyer takes title.
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.
Quitclaim deeds, the most common type in Massachusetts, differ from warranty deeds because the assurances are more limited.
?Quitclaim.? Merriam-Webster.com Dictionary, Merriam-Webster, .
With a quitclaim deed, the grantor transfers its interest in the property to the grantee by terminating (or ?quitting?) any right or claim it has to the property.
Massachusetts quitclaim deeds are distinct in that they include quitclaim covenants?which guarantee that the current owner did nothing to impair the property's title. A deed that transfers Massachusetts real estate with no warranty of title is called a release deed.
Synonyms of quitclaim (noun abdication) abandonment. abjuration. abnegation. abstention.
A quitclaim is an act of giving up your ownership of a property and transferring it to another person. If your grandmother signs her house over to your dad, that's a quitclaim.
Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.