Updated on September 1st, 2022
A North Carolina quit claim deed is executed by a grantor (transferor of property) to relinquish their interest in real estate and transfer ownership to a grantee (new owner) without warranting the title. The interest is conveyed with no guarantee that the grantor is the lawful owner and with no assurance that the title is free and clear of encumbrances. If there are any unresolved liens attached to the title, or if a third party claims an interest in the transferred property, the legal and financial consequences will be the grantee’s burden to bear.
For the grantor, a quit claim deed offers an uncomplicated means of adding and removing title holders or clearing encumbrances caused by previous owners. The document is most commonly used to facilitate property transfers between family members.
- Statutes: Chapter 47 – 47H
- Formatting: § 161-14(b)
- Signing Requirements (§ 47-17): Notary Public
- Where to Record (§ 47H-2(d)): Register of Deeds
- Recording Fees (§ 161-10(a)(1)): $26 for the first fifteen (15) pages + $4 for each additional page
- Property Disclosure Statement (§ 47E-4(b)): For residential transactions, the grantor must complete this condition report and deliver it to the grantee.
- Mineral, Oil, and Gas Rights (§ 47E-4.1): Discloses information about the existence of minerals, oil, and gas on the premises of a residential property.