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In Florida, a quitclaim deed is a legal document that transfers ownership from one person to the next in an expeditious manner without a guarantee or warranty on the property. Unlike a warranty deed that guarantees that the title of a property is free and clear of encumbrances and that the seller is the legal owner, a quitclaim deed only guarantees that the seller is transferring his or her ownership interest on the property and is abandoning their legal right to return at a later date and claiming an interest. If you want to transfer Florida real estate in a manner that protects the new buyer, you should look at other types of deeds such as a general warranty deed or a special warranty deed.
A quitclaim deed is often used in property transfers between family members, to transfer property to a living trust, or after divorce settlements; however, it can be used in any situation. Regardless of the transaction, a title search of public records should always be conducted before finalizing a transaction.