Quit Deed

By: Martin M. Shenkman, CPA, MBA, JD

A "Quit Deed" is really a reference to a "quit claim deed". This is a deed in which a person who may have an interest in a property (called the "Grantor') signs a deed transferring whatever interests they may have in the property to someone else (the "Grantee"). The person signing the quit claim deed does not make all the representations that a person singing a "full" deed (called a bargain and sale deed with covenants against grantor's acts).

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