This form is a Quitclaim Deed where the grantor is one individual and the grantees are three individuals holding title as tenants in common.
Alabama Quitclaim Deed from one Individual to Three Individuals as Tenants in Common
Category:
State:
Alabama
Control #:
AL-SDEED-8-3
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Word;
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Description Quitclaim Deed Alabama
Free preview Alabama Quit Claim Deed
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FAQ
Quit Claim Deeds in Alabama It is called a Quitclaim Deed because when the grantor transfers the property to the buyer (i.e., the grantee), it terminates the grantor's rights and claims to the property. Unlike with Warranty Deeds, Quitclaim Deeds contain no title covenants.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
In California, a quitclaim deed is a legal document used to transfer ownership of real property.