What type of deed conveys interest only if any exists?

What type of deed conveys interest only if any exists?

• A. Warranty deed
• B. Devise deed
• C. Grant deed
• D. Quitclaim deed

Answer: (D)

The type of deed that conveys interest only if any exists is the quitclaim deed. A quitclaim deed transfers whatever interest the grantor has in the property to the grantee, without any warranties or guarantees regarding the extent or validity of that interest. This means if the grantor has no ownership or interest in the property, the grantee receives nothing. This type of deed is often used in situations where the parties involved have a trusting relationship, such as between family members or in divorce settlements, where the grantor may not need to assure the grantee of clear title. Consequently, because it lacks assurances, a quitclaim deed is sometimes less desirable than other types of deeds, like warranty or grant deeds, which provide certain guarantees about the title.

The type of deed that conveys interest only if any exists is the quitclaim deed. A quitclaim deed transfers whatever interest the grantor has in the property to the grantee, without any warranties or guarantees regarding the extent or validity of that interest. This means if the grantor has no ownership or interest in the property, the grantee receives nothing.

This type of deed is often used in situations where the parties involved have a trusting relationship, such as between family members or in divorce settlements, where the grantor may not need to assure the grantee of clear title. Consequently, because it lacks assurances, a quitclaim deed is sometimes less desirable than other types of deeds, like warranty or grant deeds, which provide certain guarantees about the title.