What is a quitclaim deed primarily used for?

A quitclaim deed is primarily used for transferring ownership of real property without providing any guarantees or warranties regarding the title. This type of deed simply conveys whatever interest the grantor has in the property, if any, and does not ensure that the title is clear of claims or encumbrances. This makes it particularly useful in situations where the parties know each other well, such as transferring property between family members or in divorce settlements.

The essence of a quitclaim deed lies in its simplicity and lack of assurances about the property's title. For instance, if a property owner wants to pass their interest in a property to someone else but doesn’t want to warrant that the title is free from liens or other issues, a quitclaim deed serves perfectly for this purpose. This is in contrast to other types of deeds, such as warranty deeds, which offer full warranties and guarantees about the title's validity.

Options focused on conveying property with full warranty, insuring the title, or registering commercial property do not apply to quitclaim deeds, as their defining characteristic is the absence of such guarantees.