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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Related Topics & Key Terms
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
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.
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