Quitclaim Deed Legal Meaning and Definition

Here is a simplified definition of the legal term Quitclaim Deed.

Quitclaim Deed (noun)

A Quitclaim Deed is a legal document that allows an individual (the granter) to discard all or part of their ownership rights, if any, over a property to another person (the grantee). However, it neither provides a guarantee that the granter has any ownership rights over the property, nor does it transfer the title. It merely enables the granter to quit whatever claim they may have on the property, without affirming the validity of such claim.