This form is a Personal Representative's Deed of Distribution where the grantor is the Personal Representative of an estate and the grantees are the beneficiaries of the estate. Grantor conveys the described property to the grantees. The Grantor warrants the title only as to events and acts while the property is held by the Personal Representative. This deed complies with all state statutory laws.
Co Deed Form For Sale
State:
Colorado
Control #:
CO-02-84
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Colorado Deed Of Distribution - Personal Representative To Two Individuals?
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FAQ
The most common methods of co ownership of property aside from community property are tenancy in common and joint tenancy. Tenancy in Common is ownership of title to property by two or more persons or entities in any percentage amount.
For any type of real estate title transfer, you'll need to fill out the appropriate forms and have all parties sign in front of a notary. The new owner is responsible for filling out a Real Property Transfer Declaration form and recording the deed at both the recorder's and county clerk's offices.
When two or more people own a property together, it is called co-ownership. These properties are called jointly-owned properties. These parties owning the property together could be business partners, friends, family, or another group of people having common interests.
The most common forms of co-ownership include: Tenancy in common is used when property is held by two or more persons and, upon death, each owner's interest passes to his heirs or devisees.
To add a co-owner, a new deed has to be created, which must be registered at the sub-registrar's office for it to be legal under the Transfer of Property Act. This can be done either by creating a sale deed or a gift deed. Sale deed: The first way is to sell a portion of the property to the other person.