What happens under a quitclaim deed?

Under a quitclaim deed, the grantor relinquishes any claim to the property. This type of deed transfers whatever interest the grantor has in the property to the grantee without making any warranties or guarantees concerning the title. It effectively conveys the grantor's rights to the property, but does not assure the grantee that those rights are free from issues, liens, or defects.

This is particularly useful in situations like transferring property between family members or clearing up title issues, where the grantor does not want to be held liable for the property's title condition. The absence of guarantees is a defining feature of a quitclaim deed, making it distinct from other types of deeds, such as warranty deeds, which do offer such assurances.

In contrast, the incorrect options involve misunderstandings of what a quitclaim deed entails. The grantor does not guarantee clear title, does not retain rights to the property, and does not have obligations concerning back taxes. These elements are not applicable to the use and implications of a quitclaim deed, thus reinforcing that the correct understanding is that the grantor simply relinquishes their claim to the property.