A District of Columbia General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document that transfers ownership of real estate in the District of Columbia from a granter (the seller) to two or more joint tenants (the buyers) with the right of survivorship. The key aspects of this type of deed include the General Warranty provision, Joint Tenancy ownership, and the Right of Survivorship. Let's explore each of these elements in more detail: 1. General Warranty provision: This indicates that the granter guarantees clear and marketable title to the property being transferred. It ensures that the grantee (buyer) receives the property without any encumbrances or claims to ownership, except any restrictions stated in the deed itself. 2. Joint Tenancy ownership: Joint tenancy is a form of co-ownership where each owner has an equal share of the property. It involves a right of survivorship, meaning that if one joint tenant passes away, their interest automatically transfers to the surviving joint tenant(s), rather than being inherited by their heirs or beneficiaries. 3. Right of Survivorship: This feature ensures that if one joint tenant dies, their share in the property seamlessly transfers to the remaining joint tenants, preserving the joint tenancy structure. Avoiding probate is one of the major advantages of joint tenancy with right of survivorship. Other types of District of Columbia General Warranty Deeds include: 1. District of Columbia General Warranty Deed (To Individual): This form of deed transfers ownership from the granter to a singular individual, without the right of survivorship. In the event of the owner's death, the property would be distributed according to their will or intestate succession laws. 2. District of Columbia General Warranty Deed (To Tenants in Common): This type of deed transfers ownership to multiple tenants in common, who each have an undivided interest in the property. In this case, there is no right of survivorship, and each tenant can decide how they want their interest to be distributed upon their death. In summary, a District of Columbia General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legally binding document that ensures the transfer of property ownership with a guarantee of clear title, joint tenancy ownership, and the right of survivorship.
District of Columbia General Warranty Deed (To Joint Tenants with Right of Survivorship)
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FAQ
Today in California, Idaho, New Mexico and Nevada the surviving spouse succeeds to the decedent's share of community property in the absence of a will. In Arizona, Louisiana, Washington and Texas the decedent's share goes in whole or in part to his or her descendants.
The Revised Code of Washington law allows for three primary forms of co-ownership for real property: joint tenancy, tenancy in common, and community property. Joint tenancy with the right of survivorship is authorized at RCW 64.28. 010.
In order to create a joint tenancy with rights of survivorship, the deed must clearly reflect the survivorship intention. If it does not, Jack and Jill will take title as set forth below. The preferred language is "Jack and Jill, as joint tenants with full rights of survivorship".
A form of legal co-ownership of property (also known as survivorship). At the death of one co-tenant, the surviving co-tenant becomes sole owner of the property. A tenancy by the entirety is a special form of joint tenancy between a husband and wife.
Whereas joint tenancy with right of survivorship permits property to pass to the survivor without the cost or delay of probate proceedings, there shall be a form of co-ownership of property, real and personal, known as joint tenancy.
In Washington, you and co-owners can hold assets in joint tenancy. Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary.
A Washington, DC, deed must identify by name the current owner (the grantor) transferring the property and the new owner (the grantee) receiving it. Party addresses. A deed should include the new owner's address. DC law does not strictly require the current owner's address, but it is often included.
Community property with the right of survivorship is an agreement where, after the death of a spouse, ownership of the property that is jointly owned by both spouses automatically passes to the other spouse. The property or asset therefore avoids probate completely.
