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Quick Settlement

An option available from C.M.H.C. on designated, graduated payment mortgages whereby the lender can sell the loan to C.M.H.C. in the event of default rather than proceeding normally to acquire title.

Quiet Enjoyment

The right of a lessee to use the leased property without interference from the lessor.

Quiet Possession

The right granted by a mortgagee to the mortgagor that he may use the property without interference by the mortgagee until there is default. Also vice versa.

Quit Claim

In conveyancing - to release or relinquish a claim.
 
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