In real estate, you will be exposed to different kinds of deeds and legal documents. Although the most important one would be the deed of sale, you should know what the other papers are and what they represent. One of these important documents is erroneously called the quick claim deed.

To the average layman, a quick claim and a quit claim deed may seem different from one another, but in the real estate industry, these two documents are simply one and the same.

A quick claim or a quit claim deed is not a sales contract, but a release on a title. It is used for a variety of purposes, but primarily it is given to the new owners who obtained the property by means other than that of a sale. This happens when a property is bequeathed to an heir, or the owner gets married and decides to make his partner the co-owner of his assets.

The quick claim / quit claim deed contains a description of the property in question, who is presently handling the property (called the grantor) and to whom he is transferring right of ownership to (termed the grantee), and naturally, it should state that the property is being conveyed from one party to another.

When a quick claim / quit claim deed is issued on a property, the grantor transfers or shares the right of ownership to you and releases all further claims he has on it.

Quit claim or quick claim deeds are not used very often, usually only when properties are transferred within a family, because it does not give the new owner much protection from liens and other claims.

Sample Quit Claim Deed Form

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