Quitclaim: meaning, definitions and examples
📜
quitclaim
[ kwit-kleɪm ]
legal document
A quitclaim is a legal instrument used to transfer one party's interest in a property to another party. In this type of deed, the transferor (the person conveying the interest) makes no warranties about the title and does not guarantee that the title is free of defects. Essentially, the person is quitting any claim they may have on the property without actually verifying ownership. Quitclaim deeds are often used in situations involving familial transfers, divorces, or to clear up any questions regarding the title.
Synonyms
Examples of usage
- He signed a quitclaim to transfer his property rights.
- The couple used a quitclaim to give each other their shares of the house.
- They executed a quitclaim deed to simplify the property transfer process.
Translations
Translations of the word "quitclaim" in other languages:
🇵🇹 renúncia de direitos
🇮🇳 छोड़ने का अधिकार
🇩🇪 Verzichtserklärung
🇮🇩 surat pengunduran diri
🇺🇦 відмова від права
🇵🇱 zrzeczenie się
🇯🇵 権利放棄
🇫🇷 renonciation
🇪🇸 renuncia
🇹🇷 feragatname
🇰🇷 권리 포기
🇸🇦 تنازل
🇨🇿 vzdání se práv
🇸🇰 zrieknutie sa
🇨🇳 放弃权利
🇸🇮 odpovednost za obveznosti
🇮🇸 skilnaðarsamningur
🇰🇿 құқықтан бас тарту
🇬🇪 უფლების უარყოფა
🇦🇿 hüquqlardan imtina
🇲🇽 renuncia
Etymology
The term 'quitclaim' originates from the Middle English word 'quit' which means to release or discharge, combined with 'claim', which refers to a declaration of ownership. The expression succinctly conveys the act of relinquishing one's claim to an interest in property, a practice that dates back to feudal England. Initially, quitclaim deeds were utilized to convey land and properties without the formalities of guarantee or warranty, offering a quicker and often less expensive means of property transfer. Over time, this practice evolved and has become a standard legal procedure, especially in real estate transactions, and is prevalent in American law. This instrument became particularly useful in familial situations and estate planning where formal guarantees of ownership are not as critical.