Document background
A Quitclaim Deed with Lien serves a dual purpose in Canadian property transactions: it transfers property rights while maintaining a security interest for the grantor. This document type is particularly useful in situations such as owner-financed property sales, family property transfers, or resolving title disputes where ongoing financial obligations exist. The Quitclaim Deed with Lien provides less warranty protection than a warranty deed but offers a practical solution for transfers where the grantor wishes to release their interest while ensuring payment or performance obligations through the lien. Subject to provincial property laws and registration requirements, this document must be properly executed and registered with the appropriate land registry office to be legally effective. It's essential to include accurate property descriptions, clear lien terms, and proper execution formalities as required by the relevant provincial legislation.
