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 Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document used to transfer ownership of real property from one individual to two individuals as tenants in common in the city of Pomona, California. This type of deed outlines the specific terms and conditions of the transfer, ensuring a clear and lawful transfer of property rights. In this grant deed, an individual (referred to as the granter) conveys their interest in the property to two individuals (referred to as grantees) as tenants in common. Tenants in common means that both parties have an undivided ownership interest in the property, with each owning a specific percentage or share. The Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common must include essential components such as the legal description of the property being transferred, the names of the granter and grantees, their addresses, and the granting clause stating the intention to transfer ownership. Additionally, the deed should include the consideration, which is the value exchanged for the property, and any restrictions or warranties regarding the property's condition, liens, and encumbrances. Some common variations or types of Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common may include: 1. Joint Tenancy: This type of tenancy differs from tenants in common as it includes the right of survivorship. In joint tenancy, if one co-owner passes away, their ownership interest automatically transfers to the surviving co-owner(s) without the need for probate. 2. Right of Partition: When tenants in common no longer wish to co-own the property, they have the right to request a partition. This allows them to divide the property or, if it cannot be practically divided, to sell it and divide the proceeds between co-owners based on their ownership interests. 3. Trust Agreement: In some cases, the Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common may involve a trust agreement. This signifies that the property is held in trust, and the individuals named in the deed hold the property for the benefit of a third party or beneficiaries. 4. Life Estate: With a life estate, one individual holds the ownership interest for their lifetime, with the property passing to the other individual(s) upon their death. It is essential to consult with a qualified real estate attorney or title company to ensure the appropriate type of grant deed is used and that all legal requirements are met when executing a Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common.A Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document used to transfer ownership of real property from one individual to two individuals as tenants in common in the city of Pomona, California. This type of deed outlines the specific terms and conditions of the transfer, ensuring a clear and lawful transfer of property rights. In this grant deed, an individual (referred to as the granter) conveys their interest in the property to two individuals (referred to as grantees) as tenants in common. Tenants in common means that both parties have an undivided ownership interest in the property, with each owning a specific percentage or share. The Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common must include essential components such as the legal description of the property being transferred, the names of the granter and grantees, their addresses, and the granting clause stating the intention to transfer ownership. Additionally, the deed should include the consideration, which is the value exchanged for the property, and any restrictions or warranties regarding the property's condition, liens, and encumbrances. Some common variations or types of Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common may include: 1. Joint Tenancy: This type of tenancy differs from tenants in common as it includes the right of survivorship. In joint tenancy, if one co-owner passes away, their ownership interest automatically transfers to the surviving co-owner(s) without the need for probate. 2. Right of Partition: When tenants in common no longer wish to co-own the property, they have the right to request a partition. This allows them to divide the property or, if it cannot be practically divided, to sell it and divide the proceeds between co-owners based on their ownership interests. 3. Trust Agreement: In some cases, the Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common may involve a trust agreement. This signifies that the property is held in trust, and the individuals named in the deed hold the property for the benefit of a third party or beneficiaries. 4. Life Estate: With a life estate, one individual holds the ownership interest for their lifetime, with the property passing to the other individual(s) upon their death. It is essential to consult with a qualified real estate attorney or title company to ensure the appropriate type of grant deed is used and that all legal requirements are met when executing a Pomona California Grant Deed From Individual to Two Individuals as Tenants in Common.
