This form is a Warranty Deed where the grantees hold title to the property as a joint tenants.
A Warranty Deed is a legal document used in Anaheim, California, to transfer real estate ownership rights between parties. Specifically, the "Warranty Deed for Separate or Joint Property to Joint Tenancy" is a type of warranty deed that facilitates the conversion of ownership from separate or joint property to joint tenancy. In this scenario, two or more individuals owning a property as separate or joint tenants decide to establish joint tenancy. Joint tenancy is a form of property ownership where each party holds an undivided interest in the property, and upon the death of one owner, their share automatically passes to the surviving owner(s) without going through probate. When creating an Anaheim California Warranty Deed for Separate or Joint Property to Joint Tenancy, there might not be different specific variations of the deed itself, but it can be used with different types of properties such as residential homes, vacant land, or commercial buildings. The key elements included in this type of warranty deed are: 1. Date and Parties: The deed should begin with the date of execution and full legal names of the individuals involved, both as the granter(s) transferring the property and as the grantee(s) receiving the property. 2. Property Description: A detailed description of the property being transferred is vital. This typically includes the legal description, such as lot number, block number, and/or any other defined boundaries or identifiable markers that accurately delineate the property. 3. Transfer Statement: The deed should explicitly state the intent to transfer the property from the granter(s) to the grantee(s) as joint tenants with rights of survivorship. This means that if one owner passes away, their ownership interest automatically transfers to the surviving owner(s). 4. Granter's Warranties: The warranty deed provides certain assurances to the grantee(s). These may include a general warranty of clear title, affirming that the granter(s) is the rightful owner and that there are no outstanding liens, encumbrances, or claims on the property. 5. Signatures and Notarization: All granters' signatures should be affixed and notarized for the deed to be legally binding. Notarization typically involves a notary public verifying the identities of the signatories and witnessing their signing of the document. It is essential to consult with a qualified real estate attorney or a relevant professional to accurately prepare an Anaheim California Warranty Deed for Separate or Joint Property to Joint Tenancy, as the specific legal requirements and procedures may vary based on local regulations and individual circumstances.
