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 Los Angeles California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document used to transfer ownership of a property from an individual seller to two individual buyers as tenants in common. This type of deed grants an undivided interest in the property to each buyer, allowing both parties to possess and enjoy the property together. The key elements of this type of grant deed include: 1. Granter: The individual seller who is transferring the ownership rights of the property. 2. Grantees: The two individual buyers who will become tenants in common and share ownership of the property. 3. Property Description: A detailed legal description of the property being transferred, including its address, boundaries, and any relevant legal description identifiers. 4. Consideration: The agreed-upon amount or value exchanged between the granter and grantees as part of the property transfer. 5. Tenants in Common Status: This grant deed explicitly specifies that the buyers will hold the property as tenants in common, meaning they will have equal rights to possession and use of the property while owning distinct, undivided interests. 6. Signatures and Acknowledgment: Both the granter and grantees must sign the deed, and their signatures must be notarized or witnessed to ensure the document's validity. Different variations or subtypes of Los Angeles California Grant Deed From Individual to Two Individuals as Tenants in Common could include variations in property type (residential, commercial, vacant land), variations in the percentage of ownership interests (unequal shares between the tenants in common), or variations related to additional conditions or restrictions agreed upon by the parties involved (such as specific provisions for property use or maintenance). By utilizing a Los Angeles California Grant Deed From Individual to Two Individuals as Tenants in Common, the parties involved can legally establish their co-ownership rights and responsibilities, as well as protect their interests in the property according to California real estate laws.
