This form is a Warranty Deed where the grantor is an individual and the grantees are two individuals as joint tenants with right of survivorship.
A Lima Arizona Warranty Deed from Individual to Two Individuals as Joint Tenants with the Right of Survivorship is a legal document that transfers ownership of real property from one individual to two other individuals, creating a joint tenancy with the right of survivorship. This type of deed ensures that if one of the joint tenants passes away, the surviving joint tenant automatically inherits the deceased tenant's share of the property, without the need for probate or going through the normal process of transferring ownership. Keywords: Lima Arizona, Warranty Deed, Individual, Two Individuals, Joint Tenants, Right of Survivorship, Ownership, Real Property, Deceased, Probate, Inheritance. Different types of Lima Arizona Warranty Deeds from Individual to Two Individuals as Joint Tenants with the Right of Survivorship include: 1. Lima Arizona Warranty Deed with Equal Shares: This type of deed transfers equal ownership shares to both joint tenants. In case of the death of one joint tenant, the surviving tenant will continue to own 100% of the property. 2. Lima Arizona Warranty Deed with Unequal Shares: A deed that allows the ownership shares to be divided unequally between joint tenants. Each tenant's ownership share is specified in the deed. Upon the death of one joint tenant, their share will be divided according to their specified percentage among the surviving tenant and any designated beneficiaries. 3. Lima Arizona Warranty Deed with Rights of Survivorship Conditional on Simultaneous Death: This type of deed specifies that for the right of survivorship to be effective, both joint tenants must die simultaneously or within a specific timeframe. 4. Lima Arizona Warranty Deed with Rights of Survivorship Conditional on Marriage: This deed stipulates that the right of survivorship only applies if the two joint tenants are married at the time of death. If they divorce or legally separate, the right of survivorship becomes void. 5. Lima Arizona Warranty Deed with Limited Term Right of Survivorship: This deed grants the right of survivorship for a specific time period. After that period, the property will be passed on according to the joint tenants' estate plans or through probate if no other arrangements have been made. It is crucial to consult with a qualified legal professional or an attorney specializing in real estate law to ensure that the appropriate type of Lima Arizona Warranty Deed with the Right of Survivorship is chosen based on individual circumstances and legal requirements.A Lima Arizona Warranty Deed from Individual to Two Individuals as Joint Tenants with the Right of Survivorship is a legal document that transfers ownership of real property from one individual to two other individuals, creating a joint tenancy with the right of survivorship. This type of deed ensures that if one of the joint tenants passes away, the surviving joint tenant automatically inherits the deceased tenant's share of the property, without the need for probate or going through the normal process of transferring ownership. Keywords: Lima Arizona, Warranty Deed, Individual, Two Individuals, Joint Tenants, Right of Survivorship, Ownership, Real Property, Deceased, Probate, Inheritance. Different types of Lima Arizona Warranty Deeds from Individual to Two Individuals as Joint Tenants with the Right of Survivorship include: 1. Lima Arizona Warranty Deed with Equal Shares: This type of deed transfers equal ownership shares to both joint tenants. In case of the death of one joint tenant, the surviving tenant will continue to own 100% of the property. 2. Lima Arizona Warranty Deed with Unequal Shares: A deed that allows the ownership shares to be divided unequally between joint tenants. Each tenant's ownership share is specified in the deed. Upon the death of one joint tenant, their share will be divided according to their specified percentage among the surviving tenant and any designated beneficiaries. 3. Lima Arizona Warranty Deed with Rights of Survivorship Conditional on Simultaneous Death: This type of deed specifies that for the right of survivorship to be effective, both joint tenants must die simultaneously or within a specific timeframe. 4. Lima Arizona Warranty Deed with Rights of Survivorship Conditional on Marriage: This deed stipulates that the right of survivorship only applies if the two joint tenants are married at the time of death. If they divorce or legally separate, the right of survivorship becomes void. 5. Lima Arizona Warranty Deed with Limited Term Right of Survivorship: This deed grants the right of survivorship for a specific time period. After that period, the property will be passed on according to the joint tenants' estate plans or through probate if no other arrangements have been made. It is crucial to consult with a qualified legal professional or an attorney specializing in real estate law to ensure that the appropriate type of Lima Arizona Warranty Deed with the Right of Survivorship is chosen based on individual circumstances and legal requirements.