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.
Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document that facilitates the transfer of real estate ownership from one individual to two individuals, who will hold the property as tenants in common. This type of grant deed is commonly used in Irvine, California, to establish co-ownership and define the rights and responsibilities of the new owners. A grant deed is a legal instrument used to convey real property from the current owner, known as the granter, to the new owner or owners, referred to as grantees. In the case of Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common, there are numerous variations and subtypes, each serving different purposes and defining the co-ownership arrangement in unique ways. Some notable types include: 1. Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common: This is the most common and straightforward type of grant deed used in Irvine, California. It transfers ownership from an individual granter to two grantees, who will simultaneously hold an undivided interest in the property. 2. Irvine California Grant Deed From Individual Tenant in Common to Two New Individuals as Tenants in Common: This grant deed is used when one of the existing tenants in common wishes to transfer their interest in the property to two new individuals, thereby altering the co-ownership structure. 3. Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common With Right of Survivorship: In this scenario, the grant deed not only establishes tenants in common ownership but also includes the "right of survivorship" clause. This means that upon the death of one co-owner, their interest automatically transfers to the surviving co-owner, bypassing probate. 4. Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common With Unequal Shares: This grant deed allows for a division of ownership that is not equal. It grants specific percentages or fractions of ownership to each co-owner, reflecting their agreed-upon contributions or arrangements. When drafting an Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common, specific information must be included. This generally includes the legal description of the property, identification of the granter and grantees, consideration or purchase price, and any relevant contingencies or conditions of the transfer. It is essential to consult with a qualified real estate attorney or professional when preparing and executing an Irvine California Grant Deed From Individual to Two Individuals as Tenants in Common to ensure compliance with local laws, regulations, and individual circumstances.
