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Property OwnershipDeed_typesEASY

Thomas and his sister Diana jointly own a property in Montgomery County. Diana wants to release her ownership interest to Thomas so that he becomes the sole owner. No money is changing hands, and Diana makes no claim that she holds clear title. Which type of deed would be most appropriate for Diana to use in this situation?

Correct Answer

C) Quitclaim deed

A quitclaim deed is the most appropriate instrument when one party simply wants to release or convey whatever interest they hold to another party, without making any warranties about the quality of title. It is commonly used in Maryland for transfers between family members, to clear clouds on title, or in situations where the grantor does not wish to make any title representations. Under Md. Code Ann., Real Prop. §§ 2-101 et seq., a quitclaim deed conveys all of the grantor's right, title, and interest, if any, without covenants.

Answer Options
A
Bargain and sale deed
B
General warranty deed
C
Quitclaim deed
D
Special warranty deed

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Related Topics & Key Terms

Key Terms:

quitclaim_deeddeed_typesfamily_transferrelease_of_interest

Related Concepts

A freehold estate represents ownership of real property with an indefinite duration.

Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

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