CONTRACT – An agreement to sell and purchase under which actual title is withheld from the purchaser until the required payments to the seller have been made. A Nevada quitclaim deed lets you update or modify information on a property title without guaranteeing a free and clear title.It is the agreement the vendor makes with the vendee. Learn more about Nevada Deeds including their role in estates, pricing, types, deed substitutes, common problems and more. An instrument used to transfer title from a trustee to the equitable owner of real estate when title is held as collateral security for a debt. A quitclaim deed is named as such because it means that the owner is leaving behind their claim on the property. Completing the Nevada Deed form is a pivotal step in the process of legally transferring property from one person to another. Quitclaim deeds should not be used between strangers. Instead, as its name suggests, it's a contract that binds a seller to use a deed to transfer a property in the future. A Nevada deed form is used to legally convey or transfer real estate.