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Missouri Warranty Deed from One Individual to Three Individuals as Tenants in Common

State:
Missouri
Control #:
MO-SDEED-8-3
Format:
Word; 
Rich Text
Instant download

Description Tenants In Common Missouri

This form is a Warranty Deed where the grantor is one individual and the grantees are three individuals who hold title as tenants in common.

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How to fill out Missouri Warranty Deed From One Individual To Three Individuals As Tenants In Common?

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FAQ

As with the tenancy-in-common, a joint tenancy can exist in three or more people. Obviously, each party must have an interest that is equal to one divided by the total number of joint tenants. If one of the joint tenants dies, the others share his or her interest and they remain joint tenants with each other.

Fill out the "grantor" section of the warranty deed. The grantors are the givers, or current owners, of the property. Use the legal name of each grantor and insert current addresses after each grantor's name.

Locate the Prior Deed to the Property. The prior deed includes important information that is needed to prepare the new deed. Get a New Deed to the Property. Sign and Notarize the New Deed. Record the New Deed in the Land Records.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

If you look at the registered title to your own jointly owned property and the text isn't shown on it, you own it as joint tenants. If it is there, you own it as tenants-in-common.This title is dealt with by Land Registry, Sample Town Office.

In order to terminate a joint tenancy, one of the four unities must be destroyed. You may do this by conveying your joint tenancy interest to any third person. This can be done through gift or sale. Upon termination, a tenancy in common is formed between the third person and the remaining co-tenant(s).

Serve a written notice of the change (a 'notice of severance') on the other owners - a conveyancer can help you do this. Download and fill in form SEV to register a restriction without the other owners' agreement. Prepare any supporting documents you need to include.

You can apply to court to change your ex-partner's tenancy to your name, or remove their name from a joint tenancy. You can apply for a 'transfer of tenancy' if: your landlord refuses to change your tenancy. your tenancy doesn't allow a transfer.

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Missouri Warranty Deed from One Individual to Three Individuals as Tenants in Common