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.

   Report (0) (0)  |   11 years ago