Genesis Associates Mortgage Definitions "Q" (866) 410.4410

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Definitions of Mortgage Terms

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Quiet Enjoyment - The right of a lessee (tenant) to use the leased property without interference from the lessor (owner).

Quiet Possession - The right granted by a mortgagee to the mortgagor to use the property without interference by the mortgagee until there is default. Also vice versa.

Quit Claim Deed - In conveyancing, to release or relinquish a claim. In mortgages, a form of title transfer of ownership from the owner to the mortgagee. A default remedy.