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Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee.
In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.
How to fill out Tennessee quit claim deed: Start by obtaining a blank quit claim deed form for Tennessee. ... Identify the parties involved in the transaction. ... Provide a detailed description of the property being transferred. ... Specify any considerations or monetary exchange involved in the transfer.
Warranty Deeds/Quit-Claim Deeds/Trustee's Deeds Seller(s) Signatures. Signatures must be Notarized.
Quitclaim Deed There are no covenants or warranties by the grantor and this deed offers the lowest amount of protection to the grantee. This type of deed is also frequently used in transfers between family members and related transactions.
Deeds are categorised as either official or private in general. Official deeds are carried out as a result of legal or court proceedings. Individuals and businesses, on the other hand, use private deeds for the majority of property transactions. The grantee is best protected by the general warranty deed.
Quitclaim Deed This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.