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Tom and his sister Linda jointly own a mountain cabin in Summit County, Colorado. Tom wants to transfer his half-interest in the cabin to Linda without making any warranties about the title. Which type of deed should Tom use?

Correct Answer

D) Quitclaim deed

A quitclaim deed is the most appropriate instrument when a grantor wants to convey whatever interest they hold without making any warranties. In Colorado, quitclaim deeds are commonly used for transfers between family members, between co-owners, or in any situation where the grantor does not wish to make any title representations. Tom's use of a quitclaim deed will convey his undivided half-interest to Linda with no warranty obligations.

Answer Options
A
Special warranty deed
B
Personal representative's deed
C
General warranty deed
D
Quitclaim deed

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Related Topics & Key Terms

Key Terms:

quitclaim_deedfamily_transferco_ownershipno_warrantydeed_selection

Related Concepts

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.

Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.

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