What is a deed of quitclaim?

A deed of quitclaim is a legal document commonly used in property law in Alaska. It is used to transfer a person’s interest in a piece of real property (land or buildings) to another person. The document renounces or quits any right, title, or claim that the owner, known as the grantor, may have in the property, and any outstanding liens or encumbrances. The quitclaim deed only transfers the rights that the grantor holds in the property, not any rights that the grantor may have been unaware of or does not possess. Therefore, it is important to be aware of the state of the title to the property and any potential legal issues related to the property prior to utilizing a deed of quitclaim. Unlike a warranty deed, the deed of quitclaim offers no guarantee that the grantor’s title is valid. It is entirely possible that the grantor does not own the property at all. It is important that any buyer of property secured with a quitclaim deed take the time to check the title history to make sure that the grantor is truly the owner of the property, or that the title defect has been addressed through court action.

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What is a deed of quitclaim?

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