The quitclaim deed is a type of legal form that is often used for making transactions associated with the real estate properties. A transaction pertaining to real estate may involve the buying or selling of a house or a piece of land. Apart from actually selling or buying the house, the other major transaction associated with such properties is of course transferring the rights of that property to a relative or a loved one whom you have known for a long time. The quitclaim deed form can be used for transferring a real estate property from one entity or individual to another. The grantor is the person who makes the transference and the grantee is the person to whom the property rights has been transferred. However, it is important to note that even though this form can be used for shifting the property rights to another individual, it does not offer any guarantees as to the warranties as to the title of the property. This is where it is different to other types of real estate legal documents.
Essential factors about the quitclaim deed
The quitclaim deed is most commonly used among people who are family relatives or who have known each other for a long time. Since the quitclaim deed does not offer any warranties on the property’s title, there has to be some kind of trust and reliability between the two parties when they are using a form like this. In this type of form, the grantor does not really provide with any assurance or guarantee to the grantee about the property being free from any liens or encumbrances. It also does not prove that the grantor is the legal owner of that property. Hence there needs to be a sense of trust between the two parties for a form like this to be used.
Getting the quitclaim deed form for use in Colorado
If you are looking to get the quit claim deed form in Colorado, it is essential that you visit one of the legal forms sites that allow you to collect the form for free. This will help you to use this in property dealings you want to carry out.
Author Bio
Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people.