quitclaim deed

Definition

A legal instrument transferring whatever ownership interest the grantor has, if any, without warranties or guarantees. It's the real estate version of 'here, take it, not my problem anymore,' offering zero protection to the recipient.

Example Usage

After the divorce, he signed a quitclaim deed removing himself from the title, making his ex solely responsible for the mortgage.

Origin

From legal term 'quit' meaning to release a claim

Fun Fact

Quitclaim deeds are beloved by scam artists because you can deed someone property you don't actually own—the deed is valid even if the claim isn't.

Source: Property transfer and title terminology

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concessions

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