What does a quitclaim deed convey?

A quitclaim deed conveys any interest or right that the grantor (the person transferring the property) has in a parcel of land, but it does so without providing any warranties or guarantees regarding the extent of that interest. This means that if the grantor has a claim to the property, that claim is transferred to the grantee (the person receiving the property). However, if the grantor has no valid interest in the property, the grantee receives nothing.

This makes quitclaim deeds particularly useful in situations where the parties know each other and there is a level of trust, such as transferring property between family members or correcting a title issue. The lack of guarantees means that the grantee is assuming the risk that the grantor may not actually have a legitimate claim or ownership interest in the property.

In contrast, options that suggest the transfer of only specific rights, full ownership with warranties, or a temporary lease do not accurately capture the essence of a quitclaim deed. A quitclaim deed does not specify limited rights nor does it provide the assurances and protections that come with a warranty deed.