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Quitclaim deed. A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.
Quitclaim vs Warranty Deed. A quitclaim deed operates as a release, to transfer or quit any title, interest, or claim which the seller may have in the property, while providing no guarantee the grantor has a valid interest in or title to the property.ince a quit claim deed only transfers the rights that the grantor has in the property, quit claiming does not affect the interest of others who do not sign the quitclaim deed.