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How does a quitclaim deed work in Tennessee?

It is an instrument that allows one party (the grantor) to give up or relinquish all their right, title, and interest in a particular piece of real estate to another party (the grantee). The grantor does not guarantee or warranty any title or claim to the property they are transferring to the grantee.

Who benefits the most from a quitclaim deed?

Quitclaim deeds offer a quick, simple way to transfer property ownership, particularly between trusted parties like family members or spouses. However, they come with risks and limitations, making them unsuitable for many property transactions where the buyer wants full protection of their purchase.

What are the requirements for a quitclaim deed in Tennessee?

Quit Claim Deed Owner name and address. Tax bill name and address. Map and parcel number. Grantor and grantee name(s) may convey interest only (no have and to hold language, no warrant defend clauses). Property/legal description. Current derivation clause. Oath of consideration, may have $0.00 or actual consideration.