A Quick Claim Deed is an instrument that lets someone who owns land convey title to you without going through the long process of selling, buying, and registering the property. A Quick Claim Deed is useful if you want to buy or sell real estate fast, or if you already own some land and want to transfer ownership to another person.
It is possible for you to get a quit claim deed template online at any of the websites that have these types of legal form templates available for free or at a small cost.
What Is The Need For A Quit Claim Deed?
The need for a quit claim is simple. When buying property, especially land, it is always best to have a clear title. If you do not own the land, how do you know if someone else claims ownership? There could be liens, unpaid taxes, unrecorded easements, etc.
A quitclaim deed lets you transfer ownership without worrying about these issues. You simply state who owns what, and then give them permission to sell or use the land just like they already own it.
If you already own land, a quit claim deed makes it easier to get money out of the sale quicker because you do not have to go through the lengthy process of selling, buying and registering the property. If you purchase a quit claim deed, you can make a claim to the land before the owner registers the deed. Then once he registers the deed, you can take over his rights to the land.
Quit Claim Deeds are simple instruments that allow people to transfer their interests in lands to others. These deeds do not require a buyer or seller to pay any fees, nor does it involve any legal formalities.
Quitclaim Deeds vs. Warranty Deeds
Quitclaim Deeds are simple instruments used to let people know that they no longer hold any interest in the land being transferred. In order for a party to use a Quitclaim Deed, they need to have been given a right to the land in the first place. For example, if you are leasing land and want to quitclaim the title back to your landlord, then you would use a Quitclaim Deed. On the other hand, if you want to sell your house and give the proceeds to charity, you could use a Quitclaim Deed. It is possible for you to easily get such legal forms online.
Warranty Deeds are more complex documents than Quitclaim Deeds. One way to view these deeds is as a promise that the original holder of the land will not interfere with the current holder of the land. In return, the current holder of the property promises to maintain the land and keep the previous holder from trespassing on the land.
In addition to using a Quick Claim Deed to transfer your interest in land, you can use them to protect yourself from lawsuits. You can create a warranty deed and put it under the terms of a contract. When the contract is complete, you can register the deed and make sure that the other parties abidetheir end of the deal.
Conclusion
There are several reasons why you should consider using a Quick Claim Deed. First off, you can easily transfer your interest in land for free. Second, it eliminates the need for having a lawyer draft a document. Lastly, it protects you from potential future problems with the land.