While Quitclaim Deeds can only transfer real property, Gift Deeds can also transfer money and personal property. With a quitclaim deed, the grantor is saying that they are transferring to the grantee any interest they currently have in the property.A Florida quitclaim deed is most similar to the fee simple deed. A Quitclaim Deed transfers whatever interest the grantor has in the property without any guarantees. A quitclaim deed renounces one's ownership of a property, while a Lady Bird deed automatically passes property from a deceased owner to a beneficiary. A quitclaim deed is typically used to transfer ownership of coowned property to one of the owners; but, it can be used to transfer ownership to a nonowner. Unlike warranty deeds, quitclaim deeds offer zero buyer protection. A warranty deed does guarantee that the grantor has clear title to said property. A quitclaim deed is typically used to transfer ownership of coowned property to one of the owners; but, it can be used to transfer ownership to a nonowner. A Warranty Deed guarantees that the grantor (seller) legally owns the property and has the right to transfer it.