What is a QuitClaim Deed9517436

A quitclaim deed is a legal document that delivers interest or legal rights of a property by a grantor to a grantee. The grantor is the individual or entity in which owns the property and executes the deed transferring the attention of the property to another person or entity without warrantee, while the grantee is the individual or entity in which receives the title to the property.

The term could be strange but a kansas quitclaim deed is considered a critical legal document. When 1 sells real estate property, a quitclaim deed must be registered with your county transferring the particular property from owner to buyer. This arrangement will demonstrate that the seller releases just about all his interests on the property to the buyer.

Occasions when quitclaim is used are the following:

A father passes away without leaving any will to his adult kids. The children gets property and may will quitclaim their interest to their mother so that she can sell the property or A kid sells his or even her share to the rest from the siblings and uses a quitclaim deed to transfer all of his/her rights in the property to them.

In divorce situations, one husband or wife will quitclaim or "give upwards" his or her interest or rights in their conjugal home to the other.

Make sure you take note nevertheless that a kansas quitclaim deed does not transfer the land by itself but only the interest of the grantor on the actual land. It by no means says that the particular grantor "grants" the actual property to the grantee.