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This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property. To transfer a bond to a new property, the tenant needs to complete and sign a bond transfer form. Reconveyance deeds are used when prevailing conditions have changed and the deed needs to be "re-conveyed".Quitclaim deeds are often used for gifting title as it is a basic type of deed that simply convey that the grantor does not hold any interest in the property being transferred. The grantor of a quitclaim deed makes no assertion over the ownership or condition of the property.

Quitclaim deeds are used to convey title without any covenants.Read about real estate and mineral rights conveyances. Commonly used by banks on foreclosed properties, these type of conveyances hold little to no claims regarding prior ownership of the property. Conveyance is the legal transfer of ownership of property from one entity to another. Conveyance: Property Transfer Examples and FAQs Conveyance is the act of transferring ownership of a piece of property from one party to another. Bargain and sale deeds, sometimes called special warranty in other states, occur when the grantor makes assertions about the title, but the covenants in the agreement only relate to any time period in which the grantor owned the property.