A quitclaim deed can be described as a legally binding document which allows conveyance of some kind of real property from an individual or a party/ entity to another. It is also referred to as a quitclaim or non-warranty deed. It is a highly efficient tool that practically recognizes the two main parties involved in the transaction, namely the grantor and grantee. A grantor is basically the person or party transferring their rights to the property and the grantee receiving the property rights. The quitclaim deed mainly transfers the real property rights that are held by a grantor during the time of a deed’s execution.
Differences between Quitclaim Deed and Warranty Deed
In case of a quitclaim deed, the grantor never assures a grantee that the title of the property is free of encumbrances or liens. It also does not certify that the grantor is the legal owner of such a property under conveyance. On the other hand, a warranty deed works as a legal document that is used for transferring real property. Therefore it is also referred to as transfer deed form. The warranty deed works as the prime document used during transference of the property. It is very important that you know how Quitclaim Deed and Warranty Deed works before you sign on any of them.
Collecting Quitclaim Deed and Warranty Deed for your personal use
Whether you are looking to collect a warranty deed template or a Quitclaim Deed template, you can do so from the various online websites that offers detailed legal documents. These websites have numerous forms and documents that are prepared by legal experts and can be presented in the court of law. A legal Warranty Deed and Quitclaim Deed form can provide you with the legal documentation you need when you are transferring the rights of property to another person. You may download Alabama Quit claim deed form or Texas quit claim deed form here online.