This type of deed warrants that the grantor is the lawful owner of the property at the time the deed is made and delivered and that the grantor has the right to convey the property. This form is used to convey property to more than one individual as tenants in common. The form is available in both word and word perfect formats.
A Birmingham Alabama Warranty Deed to Tenants in Common is a legal document that grants ownership rights to multiple individuals, known as tenants in common, for a specific property located in Birmingham, Alabama. This type of deed ensures that each tenant has an undivided ownership interest in the property, allowing them to have separate, yet proportionate, shares. Keywords: Birmingham Alabama, Warranty Deed, Tenants in Common, legal document, ownership rights, property, undivided ownership interest, separate shares. There are several variations of Birmingham Alabama Warranty Deed to Tenants in Common, including: 1. Joint Tenants with Right of Survivorship (TWOS): This type of tenancy allows multiple tenants to equally share ownership of the property. If one tenant passes away, the remaining tenants automatically receive the deceased tenant's share. 2. Tenants in Common with Specific Percentage Shares: In this arrangement, each tenant in common has a specific percentage of ownership in the property. For example, one tenant may own 60% while the other owns 40%. This division is often based on the financial contributions of each individual towards the property's purchase. 3. Tenants in Common with Different Interests: In some cases, tenants in common may have unequal shares based on factors other than financial contributions, such as prior arrangements or agreements between the parties involved. 4. Tenants in Common with Right to Partition: This variant allows tenants to request a legal division of the property if they wish to sell or separate their ownership interests. Each tenant has the right to force the sale of the property, thereby terminating the tenancy in common. 5. Tenants in Common with Tenancy Agreement: In certain situations, tenants in common may enter into a separate agreement that outlines specific rights and responsibilities for each owner. This agreement can cover matters such as maintenance, repairs, and allocation of expenses. It is crucial to consult with a qualified attorney in Birmingham, Alabama, to ensure that the Birmingham Alabama Warranty Deed to Tenants in Common accurately reflects the desired ownership structure and meets all legal requirements.A Birmingham Alabama Warranty Deed to Tenants in Common is a legal document that grants ownership rights to multiple individuals, known as tenants in common, for a specific property located in Birmingham, Alabama. This type of deed ensures that each tenant has an undivided ownership interest in the property, allowing them to have separate, yet proportionate, shares. Keywords: Birmingham Alabama, Warranty Deed, Tenants in Common, legal document, ownership rights, property, undivided ownership interest, separate shares. There are several variations of Birmingham Alabama Warranty Deed to Tenants in Common, including: 1. Joint Tenants with Right of Survivorship (TWOS): This type of tenancy allows multiple tenants to equally share ownership of the property. If one tenant passes away, the remaining tenants automatically receive the deceased tenant's share. 2. Tenants in Common with Specific Percentage Shares: In this arrangement, each tenant in common has a specific percentage of ownership in the property. For example, one tenant may own 60% while the other owns 40%. This division is often based on the financial contributions of each individual towards the property's purchase. 3. Tenants in Common with Different Interests: In some cases, tenants in common may have unequal shares based on factors other than financial contributions, such as prior arrangements or agreements between the parties involved. 4. Tenants in Common with Right to Partition: This variant allows tenants to request a legal division of the property if they wish to sell or separate their ownership interests. Each tenant has the right to force the sale of the property, thereby terminating the tenancy in common. 5. Tenants in Common with Tenancy Agreement: In certain situations, tenants in common may enter into a separate agreement that outlines specific rights and responsibilities for each owner. This agreement can cover matters such as maintenance, repairs, and allocation of expenses. It is crucial to consult with a qualified attorney in Birmingham, Alabama, to ensure that the Birmingham Alabama Warranty Deed to Tenants in Common accurately reflects the desired ownership structure and meets all legal requirements.
