This form is a Warranty Deed where separate property or joint property is converted to a joint tenancy holding.
Mesa Arizona Warranty Deed for Separate or Joint Property to Joint Tenancy
Category:
State:
Arizona
City:
Mesa
Control #:
AZ-SDEED-4
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Warranty Deed For Separate Or Joint Property To Joint Tenancy?
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FAQ
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
A joint tenancy is a concurrent property interest that permits two or more individuals or legal entities to hold title to real, personal, and intellectual property. Fundamentally, it is a way for two or more persons to be seized in property as if they were one person. Graham v. Allen, 11 Ariz.
Include a legal description of the property as it appears on the current deed. Sign the deed in the presence of a witness and notary public. Only you need to sign the deed. Your wife's signature isn't necessary, because she isn't giving up any ownership rights.
As a homeowner, you have the ability to execute a quitclaim deed to change ownership, and you don't need to refinance the mortgage loan to file a quitclaim deed. Filing a quitclaim deed will change only the property's ownership and title, not anything regarding the loan.
In Arizona, tenancy in common is the default classification for married couples seeking joint ownership. The property can be divided evenly, or the owners can control differing shares if needs be (e.g. two business partners own 25% each, and the third owns 50%).
A joint tenancy is a concurrent property interest that permits two or more individuals or legal entities to hold title to real, personal, and intellectual property. Fundamentally, it is a way for two or more persons to be seized in property as if they were one person. Graham v. Allen, 11 Ariz.
Arizona law recognizes four types of legal title to real property when it is owned by two or more persons: Tenants in Common, Joint Tenancy with Right of Survivorship, Community Property, and Community Property with Right of Survivorship. A.R.S. 33-431.
Obtain the Correct Deed Transfer Document. Obtain the correct deed transfer document.Enter Full Legal Names of All Parties.Fill Out the Costs.Enter the Legal Description.Sign in Front of Appropriate Witnesses.Obtain an Affidavit of Property Value.Record the Document at the Recorder's Office.
How to Transfer Arizona Real Estate Locate the Prior Deed to the Property.Get a New Deed to the Property.Sign and Notarize the New Deed.Record the New Deed in the Land Records.