![]() Some people have, however, albeit mistakenly referred to the quitclaim as a quick claim deed - perhaps because of the efficiency with which the document ensures transfer of real property. The deed is one of the many real property deeds acceptable in the state, and it also goes by quitclaim, quitclaim deed form or a non-warranty form. A quitclaim deed refers to a simple legally binding instrument stating that an individual (grantor) is willingly giving up their rights to a named real property. If you are planning to give up your rights and give up your rights in a property to your children or your sibling, you need to consider using the quitclaim deed. Do any of these situations apply to this Quitclaim Deed?Ĭomprehensive Guide of the Quitclaim Deed in Nevada.Required for an oil and gas lease valued at less than $100.00.The debt on the property being transferred is more than the property's value.Transfers full ownership to a business you own or you, as owner, of a business are transferring property from the business to your individual name.Necessary to transfer title after the terms of a land contract are met.Required for clarification after a legal name change.Required to clarify the real estate is community property.Required to clarify the real estate is the separate property of a spouse.Complies with a court order which did not require the sale of the property but rather a transfer between parties. ![]() Changes tenancy between the property owners (ex: from joint tenancy to tenancy in common with rights of survivorship).Transfers land into or out of a Living Trust.Transfers the property to pay off a loan or debt.Transfers the property as security for a debt (to obtain a mortgage, for example).Clarifying a deed previously filed which does not change the property owners or their interest (ex: to add a middle initial for an owner).Part of a divorce settlement giving interest to an ex-spouse.
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