Miami-Dade Florida Warranty Deed from Individual to Three Individuals as Joint Tenants with Right of Survivorship is a legal document that transfers property ownership from an individual seller to three individuals, with the provision that if one of them passes away, their share of the property automatically transfers to the surviving joint tenants. This type of warranty deed ensures that the property is protected and avoids the need for probate or additional legal processes in the event of a joint tenant's death. There are two main variations of this warranty deed in Miami-Dade, Florida: 1. Enhanced Life Estate Deed: This type of warranty deed, also known as a Lady Bird Deed, allows the original owner (granter) to retain their rights to the property during their lifetime, including the ability to sell or mortgage it, while still benefiting the named joint tenants with right of survivorship. Upon the granter's death, the property automatically transfers to the joint tenants without the need for probate. 2. General Warranty Deed: This warranty deed offers the highest level of protection for the buyer (grantee) by guaranteeing that the property is free and clear from any claims or legal issues. It creates equal ownership interests among the three individuals, with the right of survivorship ensuring that if one joint tenant passes away, their share is automatically transferred to the remaining joint tenants. The Miami-Dade Florida Warranty Deed from Individual to Three Individuals as Joint Tenants with Right of Survivorship is an essential legal document in real estate transactions, ensuring a smooth transfer of property ownership and providing peace of mind to all parties involved.
Miami-Dade Florida Warranty Deed from Individual to Three Individuals as Joint Tenants with Right of Survivorship
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How to fill out Miami-Dade Florida Warranty Deed From Individual To Three Individuals As Joint Tenants With Right Of Survivorship?
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