Ask Experts Questions for FREE Help !
Ask
    pernett's Avatar
    pernett Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 13, 2011, 11:36 AM
    Quit Claim - Personal Liability Release
    If I sign a Quit Claim Deed does that exclude me from personal liability if an accident occurs on the property and the property owner is sues?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 13, 2011, 03:16 PM
    If the accident occurs after you have relinquished ownership.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
    		  
    #3

    Oct 13, 2011, 03:30 PM
    Quote Originally Posted by pernett View Post
    If I sign a Quit Claim Deed does that exclude me from personal liability if an accident occurs on the property and the property owner is sues?
    If you don't own the property, someone is injured on it, and wants to sue, they probably aren't going to sue previous owners such as you. However I can conceive of situations in which they could allege that the condition of the property was your fault and claim that you are liable. So there is a remote possibility that you could still be sued.

    If you believe there is a dangerous condition on the property, you should, in the agreement to sell, disclose it to the buyer, and the agreement should recite that the buyer assumes all liability, and agrees to hold you harmless, indemnify, and defend you from any such liability.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Release of Liability [ 2 Answers ]

I bought a home with my fiance' a year and a half ago. I would like out of the relationship. If I sign a quick claim deed and get our mortgage company to grant me a release of liability, will I be free of the mortgage and line of credit owed on the house?

Quit Claim deed liability [ 1 Answers ]

My mother is worried that someday she might have to go to a nursing home. She wants to place all of her six kids names on a Quit Claim deed in order to keep the nursing home from taking her house. I want to know if the grantees (her kids) would be charged a gift tax.

Quit claim liability.am I responsible? [ 1 Answers ]

I live in FL and divorced... my ex-wife refinanced the home we had and had a loan under her name... she is now in foreclosure... I am still on the deed through quit claim... the bank is saying they will pursue collection on her and not me... the house, (in GA) is going on the block next week... I...

Quit Claim Deed, Releases Financial Liability? [ 3 Answers ]

Hi, My ex and I own property together in another state. We bought the property, built a house and intended to sell it for more than the land and construction cost. After divorcing he wants to keep the house and I just want out. He intends to buy me out for a small amount, considering that there is...

Post Quit Claim Financial Liability [ 1 Answers ]

My Husband and I signed with my sister and her husband for a mortgage for them to buy their house. We are al on the deed and the mortgage. My sister's husband has made it clear that he does not want to pay any more taxes to the government. (He sold his business last year). They have now purchased...

View more questions Search