A quitclaim deed—also known as a quitclaim—is a deed that transfers whatever interest the grantor (purported owner) has in a piece of real property to the grantee (buyer)—but does not represent or warrant that the grantor’s title (ownership) is valid (that the grantor has any ownership interest in it) or free from liens or encumbrances.
A quitclaim deed only purports to convey the grantor’s present interest in the land (if any) and does not purport to convey the land itself. Thus, if the grantor were to acquire an interest in the land after executing (signing) a quitclaim deed, the grantor would retain that interest, as the grantor did not have it at the time the grantor executed the quitclaim deed.
In Nevada, a quitclaim deed is a legal instrument used to transfer a grantor's rights, title, and interest in a property to a grantee, without any warranties of title. The grantor of a quitclaim deed in Nevada does not guarantee that they hold valid ownership of the property or that the property is free from other claims, such as liens or encumbrances. This type of deed simply conveys whatever interest the grantor may have at the time of the transfer, which could be none at all. It is often used among family members or to clear up title issues. Nevada law requires that a quitclaim deed be in writing, signed by the grantor, and notarized. Additionally, to be effective against third parties, the deed must be recorded with the county recorder in the county where the property is located. It's important for grantees to understand that a quitclaim deed offers the least amount of protection compared to other types of deeds, such as warranty deeds, and they may want to conduct a thorough title search before accepting such a deed.