What Is a Quitclaim Deed?
A quitclaim deed is a legal document used to transfer interest in real property from one party to another. It is commonly used in the United States, including in the state of New York, for example to transfer property into a trust, during a divorce to remove a spouse's name, after marriage to add a spouse, or within a family (e.g., parent to child).
In New York, a quitclaim deed typically includes:
- Names and addresses of the grantor (the person transferring the property) and the grantee (the person receiving the property).
- A legal description of the property being transferred, including the address and any relevant parcel numbers.
- The consideration or payment, if any, involved in the transfer.
- Signatures of the grantor and any required witnesses or notaries.
- Any relevant acknowledgments or affidavits required by New York State law.
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