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 Oklahoma, 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 Oklahoma does not guarantee that they hold valid title or that the property is free from other claims or liens. Essentially, the grantee receives whatever interest the grantor may have at the time of the transfer, which could be full ownership, partial interest, or none at all. The key characteristic of a quitclaim deed is the absence of any warranties, meaning if the grantor later acquires an interest in the property, that interest is not automatically transferred to the grantee because it was not owned by the grantor at the time of the quitclaim deed execution. To be effective, the quitclaim deed must be executed in accordance with Oklahoma law, which includes requirements such as having the deed in writing, containing a legal description of the property, and being notarized. Once executed, the deed should be filed with the county clerk in the county where the property is located to provide public notice of the transfer.