Marcus and his sister jointly own a parcel of land in Virginia. Marcus wants to transfer his undivided half-interest to his sister without making any promises about the state of the title. Which deed type should Marcus use?
Correct Answer
D) Quitclaim deed
A quitclaim deed is the appropriate instrument when a grantor wants to convey only whatever interest they currently hold without making any warranties. Transfers between family members or co-owners resolving ownership questions commonly use quitclaim deeds in Virginia precisely because the grantor does not intend to warrant the quality of title.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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.
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