This form is a Warranty Deed where the grantors is an individual and the grantees are two individuals. Grantor conveys and warrants the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Downey California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document that transfers ownership of real property specifically in Downey, California, from one individual to two other individuals as tenants in common. This type of deed is often used when multiple individuals wish to co-own a property and hold an undivided interest in it. In this case, the granter, who is the current owner of the property, is transferring their ownership rights to two grantees. Unlike other forms of co-ownership, such as joint tenancy or community property, tenants in common do not have survivorship rights. Each tenant in common owns a percentage share of the property, which can be equal or unequal, and has the right to dispose of their share independently. The Grant Deed grants the grantees the rights to possess, use, and transfer the property, subject to any existing liens or encumbrances. It guarantees that the granter has full legal authority to transfer the property and that it is free from any undisclosed claims. Keywords: Downey California, Grant Deed, Individual, Two Individuals, Tenants in Common, legal document, ownership, real property, co-own, undivided interest, joint tenancy, community property, survivorship rights, percentage share, possess, use, transfer, liens, encumbrances, legal authority, undisclosed claims. Different types of Downey California Grant Deed From Individual to Two Individuals as Tenants in Common may include: 1. Equal Share Grant Deed: This type of grant deed is used when the tenants in common each have an equal ownership share in the property. The percentage of ownership for each individual is explicitly stated in the deed. 2. Unequal Share Grant Deed: In this variation, the ownership shares of the tenants in common are not equal. The grant deed specifies the specific percentage distribution of ownership, reflecting the agreement between the parties involved. 3. Transfer with Restrictions Grant Deed: Sometimes a granter may include certain restrictions or conditions on the transfer of the property in the grant deed itself. These restrictions can include limitations on future development, preferential access rights, or use restrictions. The grantees must comply with these terms. 4. Partial Interest Grant Deed: This type of grant deed is used when the granter wishes to transfer only a portion of their ownership interest to the grantees. The grant deed will specify the exact percentage or fraction being transferred, leaving the granter with their remaining ownership interest. 5. Subject to Conditions Grant Deed: This variation of the grant deed may include specific conditions or obligations that the grantees must fulfill to maintain their ownership interest. Failure to meet these conditions may result in the granter having the right to revoke the transfer. Keywords: Equal Share, Unequal Share, Transfer with Restrictions, Partial Interest, Subject to Conditions, granter, grantees, percentage distribution, restrictions, conditions, ownership interest, revoke the transfer.A Downey California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document that transfers ownership of real property specifically in Downey, California, from one individual to two other individuals as tenants in common. This type of deed is often used when multiple individuals wish to co-own a property and hold an undivided interest in it. In this case, the granter, who is the current owner of the property, is transferring their ownership rights to two grantees. Unlike other forms of co-ownership, such as joint tenancy or community property, tenants in common do not have survivorship rights. Each tenant in common owns a percentage share of the property, which can be equal or unequal, and has the right to dispose of their share independently. The Grant Deed grants the grantees the rights to possess, use, and transfer the property, subject to any existing liens or encumbrances. It guarantees that the granter has full legal authority to transfer the property and that it is free from any undisclosed claims. Keywords: Downey California, Grant Deed, Individual, Two Individuals, Tenants in Common, legal document, ownership, real property, co-own, undivided interest, joint tenancy, community property, survivorship rights, percentage share, possess, use, transfer, liens, encumbrances, legal authority, undisclosed claims. Different types of Downey California Grant Deed From Individual to Two Individuals as Tenants in Common may include: 1. Equal Share Grant Deed: This type of grant deed is used when the tenants in common each have an equal ownership share in the property. The percentage of ownership for each individual is explicitly stated in the deed. 2. Unequal Share Grant Deed: In this variation, the ownership shares of the tenants in common are not equal. The grant deed specifies the specific percentage distribution of ownership, reflecting the agreement between the parties involved. 3. Transfer with Restrictions Grant Deed: Sometimes a granter may include certain restrictions or conditions on the transfer of the property in the grant deed itself. These restrictions can include limitations on future development, preferential access rights, or use restrictions. The grantees must comply with these terms. 4. Partial Interest Grant Deed: This type of grant deed is used when the granter wishes to transfer only a portion of their ownership interest to the grantees. The grant deed will specify the exact percentage or fraction being transferred, leaving the granter with their remaining ownership interest. 5. Subject to Conditions Grant Deed: This variation of the grant deed may include specific conditions or obligations that the grantees must fulfill to maintain their ownership interest. Failure to meet these conditions may result in the granter having the right to revoke the transfer. Keywords: Equal Share, Unequal Share, Transfer with Restrictions, Partial Interest, Subject to Conditions, granter, grantees, percentage distribution, restrictions, conditions, ownership interest, revoke the transfer.
