In property transactions, a deed that offers the least assurance of title is called a?

A deed that offers the least assurance of title is known as a quitclaim deed. This type of deed conveys whatever interest the grantor has in the property without making any guarantees or warranties regarding the title. Essentially, the grantor is relinquishing their rights to the property, but they are not affirming that they actually own the property free and clear of any encumbrances or that they have the legal authority to transfer ownership.

In the context of property transactions, a quitclaim deed is often used in situations where the parties know each other and trust each other, such as transfers between family members or resolving titles in divorce settlements. However, since it does not come with assurances of clear title, the grantee assumes the risk of any potential title defects that may exist.

Other types of deeds, such as warranty deeds or grant deeds, typically provide greater assurances to the grantee. A warranty deed, for instance, guarantees that the title is clear of defects and that the grantor has the right to convey the property. Therefore, in terms of the level of assurance regarding the title, the quitclaim deed is the least secure option available.