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QUITCLAIM DEED

A deed that transfers the owner's interest to a buyer but does not guarantee that there are no other claims against the property.

By the laws of Connecticut, it is the common practice there for the owner of land to execute a quit claim deed to a purchaser who has neither possession nor pretence of claim, and as by the laws of that state the delivery of the deed amounts to the delivery of possession, this operates as a conveyance without warranty. It is, however, essential that the land should not, at the time of the conveyance, be in the possession of a stranger, holding adversely to the title of the grantor.

Contracts. A release or acquittal of a man from all claims which the releasor has against him.

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