The quotient property of square roots states that the square root of a quotient is equal to the quotient of the square roots. In simpler terms, this means that for any non-negative numbers 'a' and 'b', $$\sqrt{\frac{a}{b}} = \frac{\sqrt{a}}{\sqrt{b}}$$. This property is crucial for simplifying square roots when dealing with fractions, helping to break down complex expressions into simpler components.