A quit claim deed in the state of New Jersey is an expeditious way to transfer an owner’s interest of a property from one party to the next. A quit claim deed doesn't guarantee that the seller has the legal authority to sell the property. Instead, it ensures that the seller does not come back at a later date to claim an interest on the property. This document is generally used between family members due to the lack of warranty or guarantee but is also used in other instances. As a good business practice, it is highly recommended that the buyer conduct a thorough title search to ensure that the title of the property they are purchasing is clear.
New Jersey Quit Claim Deed Laws - (New Jersey Statutes 46 § 5-1)
Signing - According to New Jersey law, the quit claim deed must be signed by the seller of the property in the presence of a Notary Public.
Recording - All quit claim deeds that have been notarized should be filed with the County Clerk’s Office within the jurisdiction that the property falls under.