A deed of conveyance operating by way of release; that is, intended to pass any title, interest, or claim which the grantor may have in the premises, but not professing that such title is valid, nor containing any warranty or covenants for title. Black's Law Dictionary. The purpose is for an individual to convey away any real or perceived interest in a piece of real estate and can encompass one property or all property in the county. You do not receive the legal assurance of the general warranty of title when a quit claim deed is used.
All the recording requirements for deeds are the same for a quit claim deed with the exception of a specific source of title. Accordingly a statement of consideration is required. See section on Deed."