Which of the following best describes a quitclaim deed used in a NH real estate transaction?
Correct Answer
B) Transfers whatever interest the grantor may have without any warranties of title
A quitclaim deed conveys only whatever interest the grantor actually holds at the time of transfer, with no warranties or guarantees of title whatsoever. In NH, quitclaim deeds are commonly used between family members, to clear title defects, or in situations where the grantor is unwilling or unable to make title warranties. A warranty deed, not a quitclaim deed, is the standard deed used in NH residential sales and includes covenants protecting the grantee.
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Related Topics & Key Terms
Related Topics:
Key Terms:
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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