This form is a Warranty Deed where separate property or joint property is converted to a joint tenancy holding.
Lima Arizona Warranty Deed for Separate or Joint Property to Joint Tenancy is a legal document used in the state of Arizona that allows property owners to transfer ownership of their property to joint tenancy. This type of deed is commonly used in real estate transactions where multiple individuals wish to hold equal ownership rights and interests in a property. The Lima Arizona Warranty Deed for Separate or Joint Property to Joint Tenancy guarantees that the property being transferred is free from any liens or encumbrances, and the seller (granter) has the legal right to transfer the property to the buyer(s) (grantees). This deed type also ensures that the granter warrants the title against any claims arising from prior ownership or any other defects. There are two different types of Lima Arizona Warranty Deed for Separate or Joint Property to Joint Tenancy: 1. Warranty Deed for Separate Property to Joint Tenancy: This type of deed is used when an individual wants to transfer their separate property into joint tenancy with another person or multiple individuals. The original owner retains their separate property interest while also establishing joint tenancy with the new co-owners. 2. Warranty Deed for Joint Property to Joint Tenancy: This deed type is utilized when multiple individuals, who are already co-owners of a property, wish to convert their ownership from a different form (such as tenants in common) to joint tenancy. It enables the current owners to establish equal ownership interests and rights in the property as joint tenants. Keywords: Lima Arizona, warranty deed, separate property, joint property, joint tenancy, real estate, transfer of ownership, legal document, property rights, liens, encumbrances, title warranty.
