General Standard Quit Claim Deed
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A quit claim, or quit claim deed, is a legal document for transferring real estate rights to another person. You pass your ownership or property interest to the other party.
Unlike other types of deeds, a quit claim doesn't make any guarantees regarding ownership. For this reason, it's also known as a non-warranty deed. The property transfers as is, even if you don't have the real estate title in order.
Quit claim forms aren't very common in professional real estate sales. Buyers usually prefer the guarantees that come with general warranty deeds. You can use PDFSimpli to create any type of real estate deed the circumstances require.
Quit claims are still useful, though. They can save significant time and money for informal deed transfers. They're also helpful for correcting spelling errors and other mistakes in the title without going through a complicated process.
You should only use a quit claim deed when you trust the seller completely or need to take care of a minor ownership transfer.
For example, a parent can use a quit claim to transfer property to children. This type of deed can quickly add or remove a spouse or family member to or from a property title. It's not necessary for money to change hands.