What is a deed of quitclaim?

A deed of quitclaim is a legal document used to transfer ownership of a piece of property. This type of deed is primarily used in Florida when transferring property between two parties who have an existing relationship, such as a family member or business partner. The deed of quitclaim states that the grantor, or the individual transferring the ownership of the property, is giving the recipient, or the individual receiving the ownership of the property, all of their rights to the property. This means that the grantor is relinquishing all title and interest in the property, including any liens or other claims. The grantor is not making any warranties or guarantees to the recipient about the ownership of the property. With this type of deed, the recipient does not receive title insurance, which means that if any legal disputes arise in the future, the recipient is responsible for all payments and costs associated with the dispute. Although a deed of quitclaim does not provide any guarantees for the recipient, it can provide peace of mind and clarity in legal matters. In Florida, a deed of quitclaim is typically recorded in the county where the property is located. After the deed is recorded, it is legally binding and conveys title of the property to the recipient. Once the deed is recorded, the grantor no longer retains any ownership of the property.

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What is a deed of quitclaim?

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