What type of deed states there is a conveyance of interest?

A quitclaim deed is a legal instrument used to transfer any interest a grantor may have in a property to the grantee, without making any warranties or guarantees regarding the title. This means that the transferor conveys whatever rights or interests they possess at the time of the transfer, but does not assure the recipient that they actually hold valid ownership or that there are no claims against the property.

In the context of real estate, a quitclaim deed is often used in situations where the parties know each other well, such as in family transfers or divorce situations, and choose to simplify the conveyancing process by not dealing with extensive title assurances. Hence, the quitclaim deed explicitly indicates that there is a conveyance of interest, but it stops short of affirming that the interest is clear or marketable. This is what distinguishes it from other types of deeds, such as a warranty deed, which does provide assurances about the title and the transferor’s ability to convey clear ownership.