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It is often used to gift property. For this reason, quitclaim deeds in California are most often used for more informal transactions where the level of trust between parties is high or where both parties are familiar with the legal status of the property.
A quitclaim deed usually includes a legal description of the property, the name of the person who is transferring his/her interest, the name of the person who is receiving that interest (the grantee), the date and both partiesâ notarized signatures.Next Up. quitclaim deed neither states nor guarantees that the person relinquishing their claim to the property had valid ownership, but it does prevent that person (the grantor) from later claiming he/she has an interest in the property.