This form is a Warranty Deed where the grantors is an individual and the grantees are two individuals. Grantor conveys and warrants the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Jurupa Valley California Grant Deed From Individual to Two Individuals as Tenants in Common is a legally binding document that signifies the transfer of ownership of a property from one individual to two other individuals, who will hold it as tenants in common. This type of deed is commonly used when two individuals want to share ownership and responsibility for a property while maintaining independent shares. The granter, an individual who currently holds the property, transfers their interest in the property to two grantees who will become tenants in common. This means that each grantee will have an undivided ownership interest in the property, with each share being independent and separate from the other. This type of grant deed is often used in various situations, such as co-ownership between friends, family members, or business partners. It allows both individuals to have an equal or unequal share in the property, depending on their agreement. There are different types of Jurupa Valley California Grant Deed From Individual to Two Individuals as Tenants in Common: 1. Equal Shares: This type of grant deed grants each individual an equal share of the property, with an undivided 50% ownership interest. 2. Unequal Shares: In this case, the granter and grantees can determine their ownership shares intentionally, allowing for an uneven distribution of ownership percentages. For example, one individual might hold a 70% share while the other holds a 30% share. 3. Rights of Survivorship: Though not explicitly mentioned in the grant deed, the law in California assumes that each tenant in common has the right of survivorship. If one tenant dies, their share automatically passes to the surviving tenant(s), rather than being transferred through probate. It's important to consult with a qualified attorney or legal professional who specializes in real estate law before entering into such an agreement. They can ensure that the grant deed is prepared accurately, reflecting the intentions and desires of all parties involved, and that it complies with all relevant legal requirements in Jurupa Valley, California.A Jurupa Valley California Grant Deed From Individual to Two Individuals as Tenants in Common is a legally binding document that signifies the transfer of ownership of a property from one individual to two other individuals, who will hold it as tenants in common. This type of deed is commonly used when two individuals want to share ownership and responsibility for a property while maintaining independent shares. The granter, an individual who currently holds the property, transfers their interest in the property to two grantees who will become tenants in common. This means that each grantee will have an undivided ownership interest in the property, with each share being independent and separate from the other. This type of grant deed is often used in various situations, such as co-ownership between friends, family members, or business partners. It allows both individuals to have an equal or unequal share in the property, depending on their agreement. There are different types of Jurupa Valley California Grant Deed From Individual to Two Individuals as Tenants in Common: 1. Equal Shares: This type of grant deed grants each individual an equal share of the property, with an undivided 50% ownership interest. 2. Unequal Shares: In this case, the granter and grantees can determine their ownership shares intentionally, allowing for an uneven distribution of ownership percentages. For example, one individual might hold a 70% share while the other holds a 30% share. 3. Rights of Survivorship: Though not explicitly mentioned in the grant deed, the law in California assumes that each tenant in common has the right of survivorship. If one tenant dies, their share automatically passes to the surviving tenant(s), rather than being transferred through probate. It's important to consult with a qualified attorney or legal professional who specializes in real estate law before entering into such an agreement. They can ensure that the grant deed is prepared accurately, reflecting the intentions and desires of all parties involved, and that it complies with all relevant legal requirements in Jurupa Valley, California.
