In a quitclaim deed, what is the nature of the interest transferred?

In a quitclaim deed, the nature of the interest transferred is indeed a relinquished interest with no warranties. This type of deed is used to transfer whatever interest the grantor has in the property without providing any guarantees about the quality or extent of that interest. The grantor does not assure the grantee of clear title or any rights to the property; rather, they simply convey their interest, if any, to the grantee.

Since the quitclaim deed does not include any warranties, it leaves the grantee exposed, meaning they accept the property in its current state with all its potential issues. This is in contrast to other types of deeds, such as warranty deeds, which would provide full guarantees regarding the title. The lack of warranties and the emphasis on relinquishing interest make quitclaim deeds particularly suited for scenarios like resolving family disputes or transferring property between known parties where the grantor does not wish to bear responsibility for any claims or defects in title.