The Arizona Quitclaim Deed is used to transfer ownership of real estate from one party to another. This type of deed is most often used when the property is being given as a gift. The quit claim deed offers ZERO protection to the buyer (or receiver). The Arizona quit claim deed simply transfers whatever rights the holder has to the property.
The Arizona quit claim deed is a legal instrument that is used to pass on ownership of property from one party to another. Quit claim deeds are at the same time occasionally called quick claim deeds due to the fact that they are a speedy method to finalize real estate transfers. As soon as it is signed, the deed should certainly be registered in your local tax office, registry of deeds, or wherever realty exchanges are registered in your location.
When real estate is transferred without a common sale, the Arizona quit claim deed is most often used. An example would be real estate being moved in between members of the same family such as dads and moms giving or selling a property to their kids. When one spouse keeps the house and the other is relinquishing his or her rights to the dwelling, this type of deed can also be employed between separating partners. Transfers utilizing a quit claim deed do not normally require a title search or title insurance.
Example of Arizona Quitclaim Deed
Arizona Quitclaim Deeds
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