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Home Q&A Forum What protection does quitclaim deed offer?

Real Estate

Quitclaim Deed

New York

Asked on Oct 1, 2023

What protection does quitclaim deed offer?

I am the owner of a piece of property that I recently inherited from a family member. I am considering having a quitclaim deed drawn up to transfer ownership of the property to another family member. I would like to know what protection this type of deed offers to both the grantor and grantee in order to ensure that the transfer of ownership is done legally and correctly.

1 Attorney answer

Answer

Real Estate

New York

Answered 267 days ago

Damien B.

ContractsCounsel verified

Business Lawyer
Licensed in New York
Free Consultation

Generally, an owner of property and the potential purchaser would use a Quitclaim Deed when there is no need to warrant or guarantee that the property is free and clear of liens. In other words, the seller does not warrant and guarantee that the property is free and clear of any and all liens. A common use would be when the property has been in the family and the transfer of the property is between family members knowing that there are no liens on the property and all taxes have been paid on the property.

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