What type of deed allows for a transfer of interest without full guarantee?

A quitclaim deed is the type of deed that allows for a transfer of interest in property without providing any guarantees regarding the title. With a quitclaim deed, the grantor transfers whatever ownership interest they may have in the property to the grantee, but does not make any promises about the quality of that title. This means that if there are any defects or claims against the title, the grantee has no recourse against the grantor.

This type of deed is often used in situations where the parties know each other and have a level of trust, such as transferring property between family members or in divorce settlements. It is a quick way to transfer interest but comes with the risk that the grantee might receive less than expected, especially if there are outstanding liens or claims on the property.

In contrast, a warranty deed provides a full guarantee of clear title from the grantor to the grantee and includes protections against future claims. A special warranty deed, while also offering some guarantees, limits the grantor's liability to issues that arose during their ownership. A grant deed typically provides some level of assurance but does not reach the full guarantees offered by a warranty deed. Therefore, the quitclaim deed stands out for its lack of assurances regarding the property title