Question:

What is a quit claim?

by Guest786  |  6 years, 7 month(s) ago

0 LIKES UnLike

What is a quit claim?

 Tags: claim, quit

   Report

1 ANSWERS

  1. Guest787

     A Quit Claim is an agreement where the landlord transfers the ownership of the property to the bank. It is negotiated by the bank and the landlord, and does not involve the courts at all. The bank then becomes the owner of the property and is bound by the Residential Tenancies Act. Quit Claims are rare in Alberta.

You're reading: What is a quit claim?

Question Stats

Latest activity: 6 years, 7 month(s) ago.
This question has been viewed 493 time(s) and has 1 answer(s).

BECOME A GUIDE

Share your knowledge and help people by answering questions.