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OpenDocumentA Nevada quit claim deed is a form that conveys an interest in real estate with no assurances regarding the quality of the property title. What differentiates this deed from others is the absence of warranties and covenants to protect the new owner (the grantee). The lack of protection afforded in this document means the grantee will be liable for unknown title encumbrances and may be at risk against other parties claiming ownership.
While it may seem limited in purpose, a quit claim deed offers a convenient means of transferring ownership, particularly when no money is exchanged between parties. For example, a quit claim deed can be used to quickly convey ownership between spouses during a divorce settlement or to transfer property to a child.
- Statutes: Title 10, Ch. 111, §§ 111.105 – 111.235
- Formatting: NRS 247.110, NRS 111.312
- Signing Requirements (NRS 111.105): Notary Public
- Where to Record (NRS 111.315): County Recorder
- Recording Fees (NRS 247.305): Approximately $42 ($25 base fee + additional charges required by local ordinance)
- Forms:
- Recording Cover Page: The grantor will need a cover page for their deed, which they can obtain from the County Recorder (see Storey County cover page).
- Declaration of Value Form (NRS 375.060): This form is required upon the recording of a quit claim deed.
- Property Disclosure Statement (NRS 113.130): If conveying ownership of residential property, the grantor must provide this condition report to the grantee at least ten (10) days before the transfer occurs.
- Open Range Disclosure (NRS 113.065): Before agreeing to purchase residential property adjacent to an open range where livestock grazes, this disclosure must be signed by the grantee.