Kevin owns a property in Anoka County, Minnesota and wants to transfer it to his daughter Rachel as a gift. Kevin's attorney prepares a quitclaim deed. Which of the following statements accurately describes the protection Rachel receives under this deed?
Correct Answer
A) Rachel receives whatever interest Kevin actually has in the property, with no warranties or guarantees of title
A quitclaim deed conveys only whatever interest the grantor actually holds at the time of conveyance — nothing more, nothing less — with absolutely no warranties or covenants of title. If Kevin has clear title, Rachel receives clear title. If Kevin's title is defective or encumbered, Rachel receives that defective or encumbered interest. The quitclaim deed makes no promise about the quality or extent of the grantor's title.
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