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 Sunnyvale California Grant Deed From Individual to Two Individuals as Tenants in Common is a legal document used for transferring ownership of real estate from one individual, known as the granter, to two individuals, referred to as grantees, who will hold the property as tenants in common. This type of deed is commonly used when multiple people wish to jointly own a property while maintaining separate shares. The Sunnyvale California Grant Deed From Individual to Two Individuals as Tenants in Common is a legally binding agreement that outlines the specific details of the transfer, including the names of the granter and grantees, the description of the property being transferred, and the proportional interests each tenant in common will hold. Tenants in common is a form of co-ownership where each individual possesses a distinct undivided share of the property. Unlike joint tenancy, tenants in common have the freedom to sell, transfer, or mortgage their share without needing the consent of the other co-owners. Each tenant in common has the right to enjoy and use the property in accordance with their share, and upon the death of an owner, their share is passed down to their heirs or beneficiaries. There are several subtypes of Sunnyvale California Grant Deeds From Individual to Two Individuals as Tenants in Common, such as: 1. Sunnyvale California Grant Deed From Individual to Two Individuals as Equal Tenants in Common: In this scenario, both grantees hold an equal share of the property, typically 50% each. They have the same rights and responsibilities and are entitled to equal usage and enjoyment. 2. Sunnyvale California Grant Deed From Individual to Two Individuals as Unequal Tenants in Common: This type of deed grants different proportions of ownership to each tenant in common. For instance, one individual may hold a 60% share, while the other holds a 40% share. The proportional ownership determines each individual's rights and responsibilities. 3. Sunnyvale California Grant Deed From Individual to Two Individuals as Tenants in Common with Right of Survivorship: Here, the granter specifies that upon the death of one tenant in common, their share automatically transfers to the surviving co-owner(s) rather than passing down to their heirs or beneficiaries. It is vital to consult with a qualified attorney or real estate professional before drafting or executing a Sunnyvale California Grant Deed From Individual to Two Individuals as Tenants in Common to ensure that all legal requirements are met and the document accurately reflects the intentions and rights of the parties involved.
