deed

(redirected from quitclaim)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Deed.

A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee.

The form a deed takes varies from place to place, but the overall structure and the provisions it contains are the same. The description of the property being transferred is always included.

When you use a mortgage to purchase the property that's being transferred by deed, you may receive the deed at the time of purchase, with the lender holding a lien on the property. Or the deed may belong to the lender until you have paid off the mortgage.

In either case, a deed's creation must be witnessed and should be recorded with the appropriate local authority to ensure its validity.

deed

A written document properly signed,acknowledged,and delivered,and bearing a description of specific property and words of conveyance for that property.

References in periodicals archive ?
Changing the ownership of the property, which the owners may easily accomplish with a quitclaim deed, may result in unexpected gift-tax issues.
I reviewed all of the relevant warranty and quitclaim deed volumes for
Beyond this indisputable addition to our scanty late-life knowledge of Bickerstaff, the quitclaim raises some significant questions.
1189: He boosts his country by buying back Scottish sovereignty from Richard the Lionheart at the so-called Quitclaim of Canterbury.
73) This quitclaim marked the conclusion of some fifteen years of Chancery litigation throughout which the inhabitants of Flamstead, Studham and Kensworth had asserted their common rights in defiance of the Ferrers family.
This confirmation eventually provided Beaubien with a quitclaim deed to the property related to the grant, the relevant section of which reads: "this patent shall only be construed as a quitclaim deed or relinquishment on the part of the United States, and shall not affect the adverse right of any other person or persons whomever.
judgment and the 1949 quitclaim deed, we find plaintiff in each
In 1987, Shropshire terminated the lease to Miscovich and shortly after, sold his claims by quitclaim deed to Tryck.
All of that changed this spring, as the federal government - with the signing of two quitclaim deeds, one in English and one in Hawaiian - formally returned the island to the state, which will hold it in trust for the Hawaiian Sovereign Nation.
is, in part, a quitclaim in which the waiver, Sumuttu-Anu, son of Kitu-Anu, a carpenter, renounces any claims to certain sale documents relating to offerings of necks as well as to the offerings themselves; in text 5 (ca.
The case began when TXO recorded a quitclaim deed in McDowell County, West Virginia, ostensibly to remove a supposed cloud on title to an interest in oil and gas development rights.
554 million Northstar paid as full settlement when he executed the release, waiver and quitclaim dated March 2010 in favor of Northstar by 'making an untruthful statement' that the Baseco board of directors approved the resolutions for the settlement.