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Residential Lease Agreement
  1. Nevada Partnership Agreement Document
  2. Power Of Attorney Form in NY
  3. Separation Papers
  4. Car Bill of Sale
  5. Quitclaim Deed Form
  6. Car Bill of Sale in Arizona
  7. Separation Agreement in Virginia
  8. Power of Attorney form in Georgia
  9. Rental Agreement in Texas
  10. Using a Non-Disclosure Agreement
  11. Need A Separation Agreement
  12. Power Of Attorney Form
  13. Bill Of Sale
  14. Separation Agreement in California
  15. What Is The Quitclaim?
  16. What Is The Need For A Medical Power Of Attorney?
  17. Free Rental Agreement in California
  18. The Affidavit Form And Its Various Uses
  19. What Are The Top Benefits Of An Auto Bill Of Sale?
  20. What Is The Need For Last Will?
  21. Top Things To Know About Personal Loan Agreement
  22. Business Partnership Agreement
  23. What Is The Need For A Power Of Attorney?
  24. Free Prenuptial Agreement And Its Various Benefits
  25. Why Would You Need A Promissory Note Template?
  26. What Is The Importance Of A Quit Claim Deed?
  27. What Is A Release Waiver Form Used For?
  28. What Does A Rental Lease Agreement Include?
  29. Legal Separation Agreement
  30. What Is The Bill Of Sale And Why Should You Use It?
  31. What is a Commercial Lease Agreement?
  32. Last Will And Testament Document
  33. Types Of Liability Waivers That You Can Get
  34. Loan Agreement Template
  35. How Does A Partnership Agreement Work?
  36. Free Power of Attorney Form
  37. How Does A Prenuptial Agreement Work?
  38. What Is The Need For A Promissory Note?
  39. What Are The Unique Attributes Of The Quitclaim Deed
  40. Rental Agreement And Its Importance In Modern Times
  41. Separation Agreement in NC
  42. What are Affidavits Used for Legally?
  43. What the Need for a Bill of Sale Agreement?
  44. How is a Bill of Sale Prepared?
  45. What is covered in a Commercial Lease Agreement?
  46. What Does a Last Will and Testament Stand For?
  47. What Should You Look For in a Loan Agreement?
  48. What are Some Types of Power of Attorney Forms?
  49. Why is a Power of Attorney Form Needed?
  50. What is the Need for a Prenuptial Agreement?
  51. What are the Different Types of Promissory Notes?
  52. Quick Deed Form And Real Estate Ownership Transfer
  53. What Makes a Liability Waiver Useful?
  54. Top Terms Used in a Rental Lease Agreement
  55. How Long Does A Legal Separation Agreement Last?
  56. Affidavit Document In A Legal Situation
  57. What Should a Car Bill of Sale Include?
  58. Why Does A Bill Of Sale Matter?
  59. Prerequisites For Making A Last Will And Testament
  60. Last Will and Testament – What Should You Know About It?
  61. Top Things to Know About Power of Attorney
  62. Power of Attorney Forms - Durable and Springing
  63. Sample Promissory Note
  64. Using A Quit Claim Deed - Pros And Cons
  65. Liability Waiver Form
  66. Signing a Residential Lease Agreement
  67. Legal Separation Agreement
  68. How to Prepare a Commercial Lease Agreement?
  69. What Are Some Types Of Last Wills Used Today?
  70. Prenuptial Agreement Important Before Marriage
  71. What are Investment Promissory Notes?
  72. Quit Claim Deed – Benefits and Drawbacks
  73. Pros and Cons of a Legal Separation Agreement
  74. How to Make a Car Bill Of Sale?
  75. Purpose of a Bill of Sale
  76. Know About A Power Of Attorney
  77. Is It Necessary To Get A Power Of Attorney?
  78. Free Rental Agreement
  79. Top Things Included In a Residential Lease Agreement
  80. Why one should take help of Revocable Living Trust
  81. The growing needs of revocable living trust
  82. What Are The Uses Of Affidavit?
  83. How to Make a Loan Agreement Valid By Law?
  84. What Are Promissory Notes Used For?
  85. What Is The Need For A Quit Claim Deed?
  86. What is the Work of an Online Waiver of Liability?
  87. How Important Is A Car Bill Of Sale?
  88. How Does A Last Will And Testament Work?
  89. Needed For Making A Power Of Attorney
  90. Couples Prefer Legal Separation over Divorce
  91. Top Reasons to Have a Rental Lease Agreement
  92. Top Things to Mention in a Rental Lease Agreement
  93. Top Things To Know About Revocable Living Trusts
  94. Revocable Living Trust Help With Asset Management
  95. Prenuptial Agreement Form
  96. Steps to Create an Affidavit of Domicile
  97. How to Create a Last Will and Testament?
  98. Top Benefits of a Waiver of Liability for Property Damage
  99. How to Make a Loan Agreement Foolproof?
  100. What Should Your Simple Partnership Agreement Include?
  101. What is a Healthcare Power of Attorney?
  102. Things Not to Do While Creating a Prenuptial Agreement
  103. How Can Promissory Notes Help Clear Confusions?
  104. Tips to Make a Quit Claim Deed Form Foolproof
  105. Legal Separation Agreement
  106. Is Bill of Sale the Same as Sales Receipt?
  107. How to Make a Rental Lease Agreement Fair and Balanced?
  108. What is a Revocable Living Trust?
  109. Revocable Living Trust Help Senior Citizens
  110. What is a Small Estate Affidavit and what is its Purpose?
  111. What Happens If You Do Not Have A Bill Of Sale For A Car?
  112. What Is The Purpose Of A Last Will And Testament?
  113. How to Create a Proper Personal Loan Agreement?
  114. What is the Purpose of a General Partnership Agreement?
  115. What is the Importance of a Power of Attorney for Safeguarding Your Assets?
  116. Importance of a Power of Attorney
  117. Privacy of Your Business with a Power of Attorney
  118. 5 Ways Prenuptial Agreement Is Likely To Improve Marital Relationship
Using A Quit Claim Deed - Pros And Cons {{ currentPage ? currentPage.title : "" }}

An official document known as a quitclaim deed is used to transfer ownership rights over real estate from one person (the grantor) to another (the grantee). Legal descriptions of the property and the grantor and grantee's names are included in quitclaim deed transfers. They become a part of the public record when they are submitted to a county recorder's office.

Rarely are quitclaim deeds—also known as quick claim deeds—used to transfer titles in commercial real estate sales. They are more frequently used to transfer ownership of a property when no money is exchanged. Examples include giving real estate to family members, giving real estate to a living trust (often as part of estate planning), fixing mistakes and title defects from a prior transaction, and adding or removing people from an ownership group. Free quit claim deed templates are easily available online.

Advantages of Quitclaim Deeds

There are several important factors that make quitclaim deeds appealing to grantors and grantees.

1. The majority of quitclaim deeds are brief and simple. Online legal and real estate directories typically contain templates for these deeds. Before transferring any property to another person, seek legal counsel from a professional.

2. Quitclaim deeds are helpful for internal transfers because they make it simple to transfer ownership interests between family members or from individuals to living trusts.

3. Quitclaim deeds are enforceable legal records that can support ownership evidence in a title search, despite their apparent simplicity.

Disadvantages of Quitclaim Deeds

Although quitclaim deeds can be useful and straightforward, these types of deeds are not adequate for many transactions due to a number of flaws.

1. No proof of ownership is required for the grantor to sign a quit claim deed in Tennessee, making it possible for someone to use such deeds to transfer property they do not actually own.

2. Unlike a warranty deed, a quitclaim deed does not ensure that a property is free of title defects like tax liens or title claims from third parties. This makes it a poor choice of legal document to use when selling real estate for money.

3. Commercial lenders deem warranty deeds to be insufficient, while mortgage lenders require warranty deeds to support loans secured by real estate, as opposed to quitclaim deeds. The warranty deed's guarantee of property ownership is necessary for the lenders.

Author Bio

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people.

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