Which of the following best describes a Quitclaim deed?

A quitclaim deed is a legal instrument that conveys the grantor's rights or interest in a property to the grantee without making any guarantees or warranties about the title. This type of deed essentially allows the grantor to transfer whatever interest they may have in the property, but it does not assure the grantee that the title is free of claims, defects, or other issues.

This makes quitclaim deeds particularly useful in situations where the property transfer occurs between parties who trust each other, such as family members or friends. It is also often used to clear up title issues or to remove a person's name from the title without making any claims regarding ownership rights, unlike other types of deeds that provide warranties and guarantees of clear title or protection against future claims.

Thus, the description of transferring all ownership rights without warranties accurately captures the essence of what a quitclaim deed does.